rasaqdayo

Expecting a flat and abc wave 4 before we shoot from 8600 upward

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I will show the details of the flat in the next idea. We might break 10k if 8600 holds and ends wave 4.
Comment:
Trade active: Became impatient and bought from here at 8750
Order cancelled: Trade closed manually once 8888 failed to hold.
Trade active: Too late to catch the upward channel and the bears outweigh the bulls. This might be the end of wave 4 and wave 5 should start now.
SELL now at 9140.
TP1 8000
TP2 7750

NEXT.
BUY 7700
Comment: SELL now at 9140.
TP1 8700
TP2 8000
TP3 7750

NEXT.
BUY 7700
Comment: C leg of a corrective wave does this once you had a simple A leg. and it will fool traders to believe the bull has started. We just had our leg 4 of C extending as abc to 9300 (which is the the end of the lower iv of leg 3). Wave 5 of C will go down in five waves and may lower below A to 38.2 of the major previous uptrend around 7750.

Comments

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