I feel that bitcoin rally has run out of steam, this seems to be the end of a 5th impulse wave of elliot and the 1st reactionary wave seems to have begun! I feel the bitcoin will test target 1 of 16500 , target 2 of 14000 and the stop loss for the same would ideally be the rally high, but i feel a close 19300 would also suffice!
Bitcoin Inverted Head & Shoulders Setting Up? $4,309 26Aug17 Are we seeing a start of an Inverted Head & Shoulders? Resistance remains at around $4,440 (potential neckline) Expecting a pullback to at least $4,000 from there we will see... Sean Vengan Professional Cryptocurrency Trader and Trading Educator