BITSTAMP:BTCUSD   Bitcoin
First of all only invest that amount which you can afford to lose
Secondary this is not an investment advise do your own research and analysis these are only my own opinions based on some similar factors
BTC is going well as per our last plan as i said it can touch upside again to retest
Still i have some possibilities that btc will retest 5730$ ultimately dump is real to start a healthy bullrun
Also to be noted 4200 -5000 area we never consolidated in that area so i think retrce will take back to 4500 area
As per Elliot wave theory (that i don't understand yet) this is a correction wave 5 or 4
I have heard In Elliot waves correction 5 most of the times taken as a bullrun but its not a bull run its just a correction wave which dumps down to previous low or more (3150)
Currently 200ma is at 3500-3600 level retest can happen and if we break that level then be prepared for longterm bear market again (2000-3000 area )
Be safe while you trade USE STOPLOSS EVERYTIME
Next update on long-term bull run possibility will be up soon

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