BitcoinUpdated Bitcoin's Next Move: "Spoiler Alert..."
Short-term make or break down zone. If the WAVE-3 top is in, we're going down towards the median line and a 38.2-50% retracement. Approx $3,400 zone. If, as I suspect, we've got an unfinished wave-5 of WAVE-3 we've got one more push up towards $5,500. The next 24hrs likely to tell the tale. Note the mixed signals of divergence.
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Still too soon to make a call on this. So far, all we've done is make the first retracement of 50% within this last wave. Bulls ball above $4,125Ultra aggressive can buy into the FUD with a stop below the 61.8. I'm adding small positions here with stops. Always with stops...
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Preferred Count as I see it now... Trade active
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Crypto Trading and Education - goo.gl/AUxrWz
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.