TheChasm
Long

BTC looking to Bounce

BTCE:BTCUSD   Bitcoin / U.S. Dollar
957 6 3
Looming threat of bounce, I have covered almost all of my short position and taken profits. I am looking to average up another short position, I still remain bearish on longer term. As you can see in my other charts.
I do not play this but watching . Possible wolfe in play ?
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TheChasm littleriver
What's a wolfe?
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littleriver TheChasm
Sorry , that was vague. Wolfe Wave

http://www.investopedia.com/terms/w/wolfewave.asp
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littleriver TheChasm
Point 4 of this wave is hard for me to pin down. There should be symmetry between points 2 to 4 and point 4 to target line off point five .
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