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someone514

BTC - Care if you're Long

Bitcoin (BITFINEX:BTCUSD)  
someone514 Updated   
BITFINEX:BTCUSD   Bitcoin
Wave Analysis BTCUSD
4
5
waveanalysis btcusd
The market bounced from .786 ret of recent bull swing but there lacks volume and hard conviction.

I see an ending 5th wave diagonal, in confluence with the RSI failing to break 65 after multiple attempts, I would be cautious with holding any long position as of short term.
Comment:
snapshot

candle bodies trendline
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snapshot

EW count
Comment:
oops
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