BTC Short 7200
Good Morning fellow Bitcoin Traders
Today i want to publish my newest Bitcoin Analysis, for the last few days i have been short in BTC/USD.
The Chart Structure since the Crash in early March has been very difficult to read and forecasts are very hard to make.
But since the low at 3990 a solid impulse could be made by Bitcoin and we are actually now in a 1,2 corrective Wave.
I am forecasting a drop to 7200$ in the next Weeks and then it will be possible to stack up long positions to the next Target of Wave 3. (circa 17500$)
Short at: 9316$
Profit Targets: 7900$ -> 7200$
Stop-Loss: 9840$
Today i want to publish my newest Bitcoin Analysis, for the last few days i have been short in BTC/USD.
The Chart Structure since the Crash in early March has been very difficult to read and forecasts are very hard to make.
But since the low at 3990 a solid impulse could be made by Bitcoin and we are actually now in a 1,2 corrective Wave.
I am forecasting a drop to 7200$ in the next Weeks and then it will be possible to stack up long positions to the next Target of Wave 3. (circa 17500$)
Short at: 9316$
Profit Targets: 7900$ -> 7200$
Stop-Loss: 9840$
Trade active
Short since 9316$
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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.