wierzbix83
Short

BTCUSD Big short incomming

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It seems that we already finalized 5th Elliot wave (shot and midterm), target at 1.618 of midterm wave hit. We are at the upper borderline of a half year-long trend. A Number of a long position is falling short is stable which indicate incoming correction, 1D RSI is about to give a sell signal.
The only thing that is holding the bubble is the bitcoin gold fork date (less than 2 days). I expect that one more step upwards towards the cliff edge is possible due to quick conversion from BTG to BTC and the elevator will go down :).
Trade active: Current P/L on short + 8% - reducing position

It seems that BTG money returned to altcoins, not to BTC
Wave A max range 5000-5100 in that case quick rebound to 5700-5900 in Wave B and power dive to 4500-4000 in Wave C
Trade closed: stop reached: Closed, seems that it is B wave now or new ATH

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