sanuwat25

Waiting for the next short opportunity for bitcoin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Possibly entering wave B so another short opportunity might be coming soon. Will remain neutral for 1-2 days or when there's opportunity for short.

What's interesting with this correction (if the correction hasn't been completed) is that this wave C will cause the price to retrace below the all-time 38.2% fibonacci for the first time this year.

Will be interesting to see how thing turns out.
Comment: Another possibility is a up move of wave B to 78.6% (7380) follows by AB=CD correction which will end the correction at 4890 or fibo all-time 38.2%.

Watch out for price action at 5000, 4890 and 3000 for shorting target.
Best one I've read thus far. Thank you for the insight!
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Great work! Move A to 5000, B to 6000, C back to 5000
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