BTC/USD has just started a downward impulse in the form of Elliott Waves within the Minute cycle, as the event will probably take a few days to to complete. The 12345 will complete the final c leg, from E of the ABCDE corrective waves. Once E is complete, the bull flag is complete, and Bitcoin will follow it's main trend, wich is up. There is a important support level at $9500, wich will probably be where wave 4 unfolds.
Personally, I plan to short it with a buy at $9900, stop loss at $10100 and take profit at $9500.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this post and any other posts that I make is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be the best for your individual needs.
The posts I make are only my perspective of the things I post about. Nothing is a recommendation to either buy or sell anything! The posts are only ment for either information or enterteinment purposes.
Personally, I plan to short it with a buy at $9900, stop loss at $10100 and take profit at $9500.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this post and any other posts that I make is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be the best for your individual needs.
The posts I make are only my perspective of the things I post about. Nothing is a recommendation to either buy or sell anything! The posts are only ment for either information or enterteinment purposes.
Komen:
Look's like it's following up!
