TradewithLu
Long

BTCUSD Short Term Trade Opportunity (BUY) - #BTCUSD chart

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Action: Buy at Market Price between $10,470 and $10182
Stop Loss: $9,907.3
Take Profit: Between $10,724.9
Order valid: 14 hours from publication

The target is a pessimistic estimate and it depends on how far down wave 4 or C goes down. Currently, I am assuming that wave 4 or C will fall to the 0.382 retracement of wave 3 or A, and then wave 5 or C will be 0.618 * the length of wave 1 or A.

This is a high probability trade in my opinion as the trend is clearly up and Elliott Wave counts are 66.66% bullish .

Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and
is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor is a
recommendation being provided to buy, sell or purchase any good or product.

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