pbwork80s
Short

Wyckoff play abc correction then to 5800-6000

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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3
Wyckoff distribution play. Expecting a low around $5050 then a move back to the high to test $5800 and maybe even $6k where I will short. After phase c is complete a move back to the break out level around $4200 is probable.
Apr 25
Comment: Wave 2 of 5 complete
Apr 25
Comment: Black swan event. Target hit now long to 5800-6000
Apr 30
Comment: Couple more days of sideways and then up to next target.
May 03
Comment: Arrived at UTAS slightly earlier than anticipated. Will watch closely for a break down from here. Taken profit on 50% of my long at $5750
May 03
Comment: *UTAD
May 05
Comment: consolidation at resistance IS BULLISH but this is bitcoin. Still expecting a big retrace from this level but completely possible we reach 6k+

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