ivogruev
Short

Bearish scenario for BTC

OKCOIN:BTCUSD   Bitcoin / U.S. Dollar
268 1 4
The picture shows clear five waves in two degree of trend. For that reason I partially sold out 2/3 of my BTC             exposition. The pink elipse envelopes five waves down and abc up followed by the the yellow elipse where we see a smaller fegree five waves down. Right now the price is making an up correction that can unfold several hours. This set up used to bring bearish consequences. A break down below 410 will confirm this scenario and if this happens we will expect a break below 407 and likely below 392. Only if I see clear buy signals around the psychlogical level of 400 I will start buying again. The main reason to trust the scenario with break down of 392 support line is that the up move enveloped in blue elipse is lookig like three waves which is corrective as expectations.
Comment: It took 5 days for the bearish scenario to start, but it is still at hand.
This is a gift... christmas happens only once in a year, man!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out