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Short

Trade the Rainbow - Bitcoin 2018-03-11

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I am just sitting back for now and waiting for more to happen before getting into any positions - have had a solid couple of weeks and don't want the false confidence to let it get away from me unnecessarily. Best to keep away from that nasty action bias!

Will look into some alternate counts within higher degrees to see what else might be going on here, not to mention take some other factors into consideration - Social media sentiments, news, etc.

What are your thoughts?
Comment: Also, additional counts within lower degrees - perhaps Elliot Double/Triple Combo Waves and/or Triangles of some kind are playing out for this Wave 2 Minor.
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