fernx
Long

BTC up or down?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is my second Elliot Wave study and idea.

Currently BTCUSD is sitting at the bottom of wave two at around $10990. If this is in fact the bottom, then wave 3 is the longest and could take us up to the 1.618 extension (~$22K) of the B to C retrace. There will be ups and downs on the way to the 1.618 fib target. So keep that in mind. So, monitor and protect your trade with a stop-loss.

Good Luck.

**NOTE** I am not an experienced trader. I am an investor learning TA shorts, and swings. So please, take it easy on me.

**DO NOT use my published ideas for making trading decisions.

Recommendations are welcomed.

Again, I am not an experienced trader.

Order cancelled: Seems correction continued.

Comments

overly optimistic, but interesting. I'd say levels are correct, but not the time.
Reply
fernx airatru
@airatru, Time is impossible to calculate. I agree. Thanks.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out