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BitShares / Bitcoin
Short
Updated

BTSBTC Short trade setup

564
BTS will correct a bit after it broke out of the channel, forming corrective wave No 4, but it shouldn't get higher than D (3737)

Open trade : as near as you can to 3737
Target: 2500
Stop loss: a close after 3800


We're in a Double Zigzag correction : textbook form here http://www.elliottwave.net/educational/basictenets/basics_images/fig_13.gif
Trade active
opening a trade at E
BTS Short
Trade active
Adding to my short @ 3700 resistance . if it breaks, trade is cancelled.
Note
I messed up the last chart.

Here is how it should look like
Correction to previous chart Elliot wave
Note
BTSBTC Triagnle formation Double Three with a Triangle
Note
BTS Elliot Wave Update
Note
BTS SHORT
mostly_george
BTSBTCelliotwaveanalysisHarmonic PatternsshorttradesetupTrend Analysis

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.
BTSBTCelliotwaveanalysisHarmonic PatternsshorttradesetupTrend Analysis
mostly_george

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.