TradewithLu
Long

BTCUSD Short term trade opportunity (BUY) - #BTCUSD chart

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Action: Buy at Market Price between $10,102 and $10,407
Stop Loss: $9,961.6
Take Profit: $10,758
Order valid: 16 hours from publication

The five waves up, as shown in the diagram, show that the trend is now moving up. Elliott Wave analysis states that after 5 waves up, there should be a correction followed by another move up. The movement up in the price should be a wave C or 3 and should hit the profit target I have given with ease.

The price of Bitcoin may not reach this buy zone, if it does not, then I will miss this trade. This is no problem as there are plenty of trades to take on a daily basis.

Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and
is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor is a
recommendation being provided to buy, sell or purchase any good or product.

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