UnknownUnicorn3511625

SHORT SALES (waves) 08.11.2019

Short
BITFINEX:BTCUSD   Bitcoin
Hello!
We believe that the upward cycle with an 80% probability is over.
At the moment, we recommend considering short sales from the level of 8980, after confirmation in the form of fixing a candlestick below the level of 8980.
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Alternative scenario
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Main scenario
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Actual scenario
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BTC sales are relevant from levels 8970-9090.
Stop loss at 9250.
The take profit level is 8250.
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Alternative scenario
Bitcoin purchases are relevant from the level of 8780.
Stop loss level is 8700.
The first profit taking level is 9230.
After successfully building the initial impulse and local price correction, a bullish rally may continue in the direction of 11000.

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