Ed-Holmes

If the shorts get squeezed

Ed-Holmes Updated   
BITFINEX:BTCUSD   Bitcoin
Weekly chart looks like Intermediate wave ( 3) of the current trend is incomplete. Suspect it to complete above $5,000
Comment:
Still suspect the uptrend isn't over yet. So far we have three waves up from the wave (iv) low. Would like to see a firm break of $4400 for a push to $5000
Comment:
Be careful of $5100. Tight stop recommended or trailing stop
Comment:
Starting to suspect we going higher than the initial target range of aprox. $5100 + mark. Will post short term chart shortly
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