BTCUSD: correction down to 5100 Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Oct 16, 2017 10:20 PM

BTCUSD: correction down to 5100 is possible in a 5-wave modified ABC Channel.
Targeting fibo 382 and fibo 618.
Less is more!

Comments

NominalMax

⋅ Oct 17, 2017 9:56 PM

Hi @FUNTRADER-Vera and thank you for your thoughts!
Why a correction in a modified ABC and not a bigger timeframe correction?
In that bigger timeframe (1D for example) it seems we've run out of impulse waves (I'm counting 5)...

FUNTRADER-Vera

⋅ Oct 18, 2017 11:29 AM

@azotrader, we like to use 4h or daily chart to analysis.
if price hit back by the longterm trend line ,
wave 7 can b expected.

qutsqia

⋅ Oct 16, 2017 11:06 PM

Hi! Thanks for the analysis!

FUNTRADER-Vera

⋅ Oct 18, 2017 11:28 AM

@qutsqia, thank you for your comment.

wujahesotodu

⋅ Oct 16, 2017 11:06 PM

How confident are you on this analysis from a scale of 1-10 FUNTRADER-Vera?

cycler

⋅ Oct 17, 2017 10:19 PM

@wujahesotodu, every analysis is a 10. Even the wrong ones.

FUNTRADER-Vera

⋅ Oct 17, 2017 10:20 PM

@cycler, pro comment.thank you .

FUNTRADER-Vera

⋅ Oct 17, 2017 10:20 PM

@cycler, i dont see anyone is 100% right .