BTC, good setup to enter short

27 Nis 2018

BTCUSD

Hello Traders, recently price has broken through the minor support line and back-tested it. What interesting is that the level at which it touched the support line( resistance line now) is the 61.8% retracement from the last move down.
Additionally by counting the waves it seems that we are about to complete wave B and enter wave C. I am opening short and placing my stops right above wave 5, my first target will be at 8600, where we had the completion of wave A. I am expecting price to continue to fall further and test the major support line where I've placed my second target( around 7400)

29 Nis 2018

Not

Looks like a harmonic pattern has formed

30 Nis 2018

Not

Price has been oscillating over the weekends, the last local high didn't exceed the level of point D. Now the support line drawn through the A-C is the key, when it brakes the prime scenario will unfold. My targets and s\l remain in the same place.

1 May 2018

İşlem aktif

A-C support has been broken, main scenario in progress, I am expecting the major support line to be reached within next couple of days.

1 May 2018

Not

1 May 2018

Not

11 May 2018

İşlem aktif

24 May 2018

İşlem kapandı: hedefe ulaştı