Bitcoin
Short

Short BTCUSD opportunity Elliot Wave

Updated
Target for short TP & stop are listed at $10,255 and $9,142 respectively.


Market volatility == high

Volume suggests a further continuation of this selloff; so keep an eye on those two figures if you’re looking for a short opportunity.

Disclaimer

Not financial advise

  • -@a1mTarabichi
Note
snapshot

Cup & Handle indicating that (IMHO) volume will break its downtrend and we should see some sort of consolidation; especially when the Asian Markets open 3AM-6AM EST
Trade closed: target reached
I didn’t have time to update— if you didn’t sell this morning you missed your short opportunity and I would consider selling soon as another pending selloff is set to take place
Trade active
Ahh the volatility of BTCUSD never ceases to amaze me.

Massive volume spike indicating further consolidation pending
Trade active
snapshot

TP1 & 2 For short listed

If you held good for you. I shorted and rebought; admittedly FUD selling but it happens—Follow the volume and indicators and in a market this volatile anybody that tells you they’re 100% accurate is fooling themselves and you know the risk/reward seems to be a permeable entry.

Please remember to read all disclaimers

-@a1mTarabichi
Trade closed: target reached
snapshot

TP1 for short reached earlier.

Trade closed on this entry.
Note
Trade officially closes at 9.8K short after re adjustment.

Timeframe: 72Hrs
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