DatTong
Short

BTCUSD, Sell on H1.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD , Sell on H1.
Comment:
Comment:
Trade closed: target reached: Can exit around here

Comments

@DatTong, great call, you nailed it.
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DatTong allanster
@allanster, good luck!
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You should explain your reasoning. Literally nobody thinks BTC is going anywhere but up for the next 6 months
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allanster Aphaynes
@Aphaynes, reasoning is Elliot Wave pattern shown on chart.
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DatTong allanster
@allanster, Yep.
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DatTong Aphaynes
@Aphaynes, it's just a thought about we are on the first leg of correction and price is resting before another second leg. Its current price action is showing so. Most of the time this B can extend to 88.6% of A, so it's better to have multiple positions if you plan to swing trade or wait to break A to enter. It's just textbook fact so I do not have time to restate the books again.
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