Bitcoin - Before the Bottom

17 בינו׳ 2018

Chase the C leg of ongoing pullback. Its almost always a 5 wave count.

Exit at wave (4) : 11100...11750
Target for wave (5) : 8700

P.S. : Beware that rest of the exchange charts are a little lower than Kraken.

17 בינו׳ 2018

הערה

Wave (4) completed as expected. Sleep in fiat.
Wave (5) will be studied again as wave (3) is over-swinged.

18 בינו׳ 2018

הערה

Several unsuccessful attempts to break C leg. Its safe as long as H4 closes below 11832 (0.5 fib). Swing trade options start above that.

24 בינו׳ 2018

הערה

Stall on pivot line. As leg (4) swinged higher to (0.382 fib) upcoming leg can be lower than mentioned above.

24 בינו׳ 2018

הערה

Bulls are tired and unreliable. Risk/Reward is to high.

24 בינו׳ 2018

הערה

25 בינו׳ 2018

הערה

TP @ 11650 --- Profit +1%

Too many resistances to tackle with, recent lower leg is damaged but still bearish.

25 בינו׳ 2018

הערה

Bears won for this leg.