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Tez8

BTC Short : Technical Target $38k

Short
Bitcoin (BITSTAMP:BTCUSD)  
Tez8 Updated   
BITSTAMP:BTCUSD   Bitcoin
Wave Analysis Trend Analysis
7
0
waveanalysis trendanalysis
Summary: short, this one would be risky as the SP500 has bounced up a lot. If it is a 5 wave impulse down, 38k is the target.

Break above 46k and. Bull run is back in strength.
Comment:
It is likely to see more pullback on the S&P500 as long as the debt ceiling negotiations carry on in the US

There is plenty of room on the RSI and STOCH to fall before a correction is complete

snapshot

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