matthew.khama
Short

BITCOIN: WAVE (2) IN PROGESS

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
559 3 8
BITCOIN             . Expecting wave (2) to end at $689 - $699 then the major drop for wave (3). I will provide targets for wave (3) once I see evidence that wave (2) has ended.
Trade active: Bitcoin did reach the targeted range of $689 - $699 (Actual high is $704) and turned down immediately. Wave (2) appears complete. Next move is a breakdown below $609 then $540. I will post a new short term chart with updated Elliott labels. Be short with your SL at $704.
very nice chart, perfect
+1 Reply
Thank You
+1 Reply
What makes you so confident that it will go up ?
Reply
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