QuercusTrading

Bitcoin - Slow corrective move down

Short
BITFINEX:BTCUSD   Bitcoin
The last up move was invalidated by a dip below 16.4k, so it is either a Wave X or a B. No impulse.

May be a slow move now to the bottom before we get that buying opportunity. Not really tradeable unless you are day trading.

Watch out for range lows around 88.6% fib.

Good luck.
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