BTC - Still Short until $7200
Hello Guys
It has been a while since my latest Bitcoin Analysis, but my decision to go short didn't change.
I think we are in a C Wave, which will bring us down to 7200 very likely.
In this C Wave we are forming a 1,2,3,4,5 Wave Pattern and right now we are in a Wave 2 correction, until Wave 3 will start with high volume.
I am forecasting a drop to 7200$ in the next Weeks and then it will be possible to stack up long positions to the next Target of Wave 3. (circa 17500$)
Short at: 9316$
Profit Targets: 7900$ -> 7200$
Stop-Loss: 9840$
It has been a while since my latest Bitcoin Analysis, but my decision to go short didn't change.
I think we are in a C Wave, which will bring us down to 7200 very likely.
In this C Wave we are forming a 1,2,3,4,5 Wave Pattern and right now we are in a Wave 2 correction, until Wave 3 will start with high volume.
I am forecasting a drop to 7200$ in the next Weeks and then it will be possible to stack up long positions to the next Target of Wave 3. (circa 17500$)
Short at: 9316$
Profit Targets: 7900$ -> 7200$
Stop-Loss: 9840$
Trade active
Still short since last Week @ 9316$
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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.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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.