ianereht
Short

Summer has come to past. Uptrend can't never last.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
2017 Summer Bitcoin Paradime almost done - correction wave #C

It was quite a ride for Bitcoin 2017
Spring paradigm has over. with 2950 ATH 0.98% , 1850 LL
and now it's summer ride almost done too.

Now it finishes it's acceleration bullish channel , broke its baseline.
Long position is not recommended.
Personally, I keep holding short position from 4400

So where we can consider long position(buy)?

1. Support level , possible reversal zone = $3500~ 3600
* ABCD pattern
* Correction wave 200%
* Impulse wave retraction ~50%
= $3,500 ~ $3,600

2. If H&S neckline brokes, it may down further to $2,950, previous paradigm's ATH 0.98%


So wake me up when september ends :)

Good luck!
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