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alphahorn
Jan 9, 2018 2:09 AM

BTC, is the pullback over????? 

Bitcoin / U.S. dollarBitstamp

Description

According my wave count, I believe primary wave [1] has completed for BTC. The question now is whether or not a relatively shallow primary wave [2] is complete, or will we see a more typical 50%-61.8% retracement in primary wave [2]. On this chart, there is a bearish gartley hightlighted as well as an A=C target zone (see yellow rectangles). The key support line is the lime green line off the higher lows. As long as it holds, the bulls are in control. Should it break down, then get ready to see BTC on sale possibly below 10K

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Target reached. LONG BTC
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