soyelsimo

BTCUSD shorterm bear

Short
soyelsimo Updated   
BITSTAMP:BTCUSD   Bitcoin
Shorterm bullish trend is broken. 4th wave is in progress, still is soon take it as a fact, but a triangle is what has to be expected. For now we can see first 2 waves of a correccion A and B. This third waves will defind what kind of correction we are seeing. Wave C can develop in 5 waves, what mean it is part of an ABC correction and would be the las waves of that correction. this doesn't mean 4th wave is complete. Or Wave C can develop in 3 waves what means is part of an ABCDE correction each one of 3 subwaves. Either of both cases take care of 3500/3200 range and 2500/2300 if it goes to the 5 wave option.

Trade closed: stop reached
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