QuercusTrading

Bitcoin - Last move down to range lows

Short
COINBASE:BTCUSD   Bitcoin
Completion of a 5-wave impulse.

Could be a fresh Wave 1 (bullish) or Wave C of 4 of (i.e. new lows to 14.5k).

Asia session pump / breakout usually gets faded (usually).

This is a no confirmation trade. Shorting based on fibs confluence.

Good luck.
Trade active:
Got the structure break.

Still think local top here and we slow move to range lows for a buy.

Will not bid if the down move gets too impulsive.

Trade active:
Went further up then expected. Shorting this as an irregular B with same target.

Trade closed manually
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