pstavs

Bearish Wedge - Proceed with caution

Short
pstavs Updated   
BITFINEX:BTCEUR   Bitcoin / Euro
BTC looks most likely to fall out of the wedge, and find support at the 50% fib algo target. This would be confluent with the completion of a larger scale wave 2 retracement. This is what I am seeing in my TA, but we shall find out soon enough. We may go up first, and watch out for possible bull traps.
Trade closed: target reached:
All targets reached perfectly. Bounced off the 50% Algo as predicted
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