Mendenmein-Capital

BTCUSD - 13500$ inevitable?

Short
BITFINEX:BTCUSD   Bitcoin
Another short update on BTCUSD! BTCUSD

In the last days we jumped out of the big triangle which we formed in the last months.
It seems rather funny that we are again stuck in a triangle, but this time the decision will be made a lot faster.
If we should break above 12000$ the chances of a bullrun to 13500$ are very high!

Neverthless my expectation still remains that we will correct in the final Wave C to 8300$!

I will watch the market very carefully and keep you guys updated!

===================================================================================================================

If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.

If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.