Professor-Hulk

Bitcoin Elliott Waves

Long
BITFINEX:BTCUSD   Bitcoin
I have recently been working on developing my knowledge of elliott waves, so if there are any "experts" out there, I'd love to hear your thoughts. I believe the pull back from the peak today is the top of a wave 3 and we should see a correction. Bitfinex has a scheduled outage so it makes sense that every risk manager would book their profits now and look for a pull back to re-enter. I sold my position not too long ago and will see how the market reacts to bitfinex being offline line for 7-8 hours. If it continues to push higher, look for the extensions at 2, 2.618, and 3.618 for end wave 3. The time is right for a pull back now, so here's a brief opportunity to buy at a discount.
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