BTCUSD on path to new local high then low

Jan 19, 2018

BTCUSD is coming off of a quick dive to $9000. I touched on this potentially forming an Adam and Eve double bottom. I think it could bounce off this 0.618 fib, make a new local high around 13K, then down to $8500-7k. Long at $10500, short at 13K, long at 8k.

Watch for break above 50 SMA on 1 hour. If we go above dashed line then the Elliot Wave count shown here is invalid.

*NOT TRADING ADVICE ETC.*

Jan 19, 2018

Note

If we break below 10k or the 0.786 fib support I believe we will fall to $8000-$7500.

Jan 20, 2018

Trade closed: stop reached

Jan 23, 2018

Trade active

Mistakenly updated, stop was not hit. On target.

Mar 18, 2018

Trade closed: target reached

There we go