BitcoinShort
BTCUSD Big short incomming
Updated
It seems that we already finalized 5th Elliot wave (shot and midterm), target at 1.618 of midterm wave hit. We are at the upper borderline of a half year-long trend. A Number of a long position is falling short is stable which indicate incoming correction, 1D RSI is about to give a sell signal.
The only thing that is holding the bubble is the bitcoin gold fork date (less than 2 days). I expect that one more step upwards towards the cliff edge is possible due to quick conversion from BTG to BTC and the elevator will go down :).
The only thing that is holding the bubble is the bitcoin gold fork date (less than 2 days). I expect that one more step upwards towards the cliff edge is possible due to quick conversion from BTG to BTC and the elevator will go down :).
Trade active
Current P/L on short + 8% - reducing positionIt seems that BTG money returned to altcoins, not to BTC
Wave A max range 5000-5100 in that case quick rebound to 5700-5900 in Wave B and power dive to 4500-4000 in Wave C
Trade closed: stop reached
Closed, seems that it is B wave now or new ATH
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