Short BTCUSD @17920 target1 16500 and target 2 14900 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!
Bitcoinforecast
Sell BTCUSD at 17800 target 1 : 16500 , target 2: 14900 SL:19300BTCUSD seems to have completed its impulse wave and seems to have entered a reactionary wave. The target for the same at first will be 16500 levels and second target can 14900 levels. The stop loss ideally should be above the high of the rally, but on a closing basis the stop loss will be 19300.
Bitcoin Inverted Head & Shoulders Setting Up? $4,309 26Aug17Bitcoin 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