AleksandrLombrozo

Bitcoin huge move down to look for

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
If you do not know how wave theory works this example probably becomes a route for you to start learning a bit more about structural trading. Bitcoin is at the point where it is going to turn around and make a bigger correction. On the 4 hour chart, it made a small impulse down which could give you an earlier selling opportunity.

All charts work with impulses and corrections
All charts have structures inside structures like a russian matryoshka. And they always look the same.

Comments

Back then in October nobody believed me that Bitcoin would ever go down
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Ooops
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what's your price target on the short ?
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@chefprofits, presumably, I would like to see it around 4000 in the long perspective.
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