ElliottWaveStats

BTC-USD-Short Sell (Low Risk)

ElliottWaveStats Updated   
BITSTAMP:BTCUSD   Bitcoin
Main(Purple):

Sell Point: 11,222.00
Target Shell(*):6,438.00
R /R Ratio: 8.16
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Alternative (Red one):

If high of 11,823.56 is broken up, next stop 13,188.00.
Comment:
(*) Target Shell: is a formula that projects upcoming targets, in function of the Wave Pattern evolution + Fibonacci numbers reached+ psychological resistance and support levels taken.

it can be defined as the most possible value to be reached in the next movement.
Trade active:
Purple arrow.

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