TradingView
matthew.khama
Nov 1, 2016 3:20 PM

BITCOIN: UPSIDE IS LIMITED Short

Bitcoin / U.S. dollarBitstamp

Description

Expecting bitcoin to rise upto 750s level to complete wave (2) then fall in wave (3). $777 ie part labelled waves (Y) [ B ] is key to the interpretation and I don't expect bitcoin to rise above it.
Comments
Weedless
nice hit)
venzen
Your count is feasible, but have you considered the phenomenon whereby commodity charts advance in 3 wave structures and decline in impulses ?

1day MACD shows that this is a large advance - possibly only halfway complete
Young_Satoshi
I don't think so!
More