BTCTHB TA and EW with Projection

Updated

Thai Baht is close to Bitstamp and a number of other crypto exchanges. EW count projects a current Subwave track in Wave 4 counter trend. Pitchfork median line and and historical support levels indicate the projected path to the end of Y. It's not relative to make projections past wave Y. Swing Traders, Day-Traders will take this pivot. The algos will surely comply with an expected bounce at this level. When locating bottom pivots, it's not uncommon to be fooled by the algos. Long position takers utilize buy ladders or wave 2 confirmations. Day traders will take the algo fib points. My position is neutral until the trend shows a proper reversal and confirmations.

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This projection is based on a pivot and swing trade. This is not my interpretation of a full correction or bottom target. The long term projection is quiet deep. I will post a projection of my anticipated full Double WXY Correction. Cheers!

Trade closed: target reached

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Bearish Cyper

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