Bears dominance. Yet. Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ May 27, 2017 11:18 AM

Price broke down the Sign2 and opens way to new lower lows: 1700 or even 1600.
The Elliot Wave pattern 1-2-3-4-5 expected.

Look for 1-2-3 waves prehistory in the Related idea.

Comment

⋅ May 29, 2017 4:15 AM

Above 2200, target 2400-2500

Comment

⋅ May 29, 2017 4:57 PM

Looks like the move up is stalling. Below 2200 and yellow trend line, turn to downside expected.

Comment

⋅ May 31, 2017 2:56 AM

When a new low is higher than fib 0,382 we'll see a new move up, potentially up to 2400. BUT. As you see, the trend little by little is turning down, to fib 0,618 retrace. The yellow EMA now became a resistance.

Comment

⋅ May 31, 2017 3:55 PM

Resistance is overcome. New resistance @ 2350 forward. And the new goal is probably 2500

Comments

Like2Move

⋅ May 28, 2017 8:22 AM

Trendline broken, bearish bounce has a new target T1

Like2Move

⋅ May 27, 2017 4:10 PM

Short opportunity:

Like2Move

⋅ May 28, 2017 6:17 AM

Drama: break up or fall down.

Like2Move

⋅ May 30, 2017 3:13 PM

Some bounces expected from support levels. Move up not ended.

Like2Move

⋅ May 31, 2017 4:45 PM

Longs on EMA's /fib trendlines

Like2Move

⋅ May 30, 2017 4:06 AM

If the current high is 2350, and price falls below 2200, could be the following scenario. Look to the fib retrace levels in all cases:

ZIKU

⋅ May 30, 2017 5:48 AM

@Like2Move,

Its now Good moment to sell few btc? In your opinion more chance to up or down ?

Like2Move

⋅ May 30, 2017 6:30 AM

@ZIKU, No. Wait for trend turn down. Look to comment above.

Like2Move

⋅ May 30, 2017 6:33 AM

@ZIKU, excuse me, Shorts in my mind ;) You can sell few btc, of course.

cardan6006

⋅ May 29, 2017 5:02 PM

Is it worth selling in part bitcoin and watching the next move?