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JoppeJoppe
Apr 7, 2019 6:13 PM

If the bottom is not in in bitcoin..... 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

So if the bottom is not in, im still expecting us to hit the 1300 vicinity and make the test on that. I would have waited it to go even lower but due to this april pump it looks like it wont go much lower than 1300 dollars. Make a note that the bottom might already be in. I am a trader, not a hodler so that is not that important. Only validations and/or invalidations of my waves are important.

In orange we have the subwaves of the C-wave. Im expecting the 4th (C4) to hit appr 5500 (5800 max) 30th april- 4th may. Bfore that we should see a retracement to 4700ish level and make a nice decent bounce up there.

My plan:

Long 4700 and/or Short 5500, depending which one hit's first.

Targets

1. 4700
2. 5500
3. 3500
4. ?
5. 1300 (speculative. not tradeable, yet)
Comments
Delchoni
If it goes below the 200w MA the market will get really violent
JoppeJoppe
@Delchoni, i agree. But if it dont there's plenty of good trades to make in any case atleast concerning targets 1-3
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