The BTC performed the 5 waves of Elliot respecting the fibonacci levels. Now we enter a time of correction where the price must correct at least up to 38% of all the high movement marked by the blue LTA. It should drop down to the 4900's to recover a little and fall back down to the 4150's. Making the ABC move. It can happen to correct stronger and reach lower values. But we will only be sure after finishing the first movement (Wave A).
With the fork of BTG and the fork of Segwit2x that will happen in the middle of November it is possible to give force for a quick correction and to rise again after stabilization after fork of segwit2x.
Short is opened at the minimum break of 10/24/2017 and closed at the signal of the wave A completion diary. To open new shorts at the 61% correction of wave A and fetch the target of 4150 USD.
With the fork of BTG and the fork of Segwit2x that will happen in the middle of November it is possible to give force for a quick correction and to rise again after stabilization after fork of segwit2x.
Short is opened at the minimum break of 10/24/2017 and closed at the signal of the wave A completion diary. To open new shorts at the 61% correction of wave A and fetch the target of 4150 USD.
Comment:
Correction: Where I entered 4900 as the minimum of wave A, the correct one would be 4650. Sorry
Trade closed: stop reached:
Sale operation closed due to historic top break.