Bitcoin
Short

Bitcoin (BTCUSD): Correction To Be Continued

By Nickonomics
Updated
It's been a while since I published BTCUSD signals. The market was quite predictable moving to the upside. This was the previous bullish call:
Bitcoin (BTCUSD): Bullish Case For New All-Time High

This time I anticipate the correction to continue down at least to the pitchfork handle. This should make for some 6% deal (BTC->USDT). The market was clearly in overbought condition yesterday, and the bearish divergence pattern looks clear to me.
Comment
This complete 5 waves scenario is yet to be confirmed: snapshot
Comment
Range-bound action since yesterday. These are important price levels: snapshot
Trade closed: target reached
First target hit, easy 6%.
Bitcoin (Cryptocurrency)BitstampBTCBTCUSDnixcoinTrend AnalysisWave Analysis
Nickonomics
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