BTC/USD Bitcoin technical analysis
As we forecasted in our last analysis, Bitcoin moved towards 4100.
Is the corrective wave over? The blue dashed wave (Diagonal) is finished, but chances are high that we see another (blue dashed) downwave towards 4100-4000.
A break of 4167 would trigger this down-wave towards 4100-4000.
At 4100-4000 there is a high chance for a bottom and another upwave towards 4555-4600.
In this scenario, we would expect another down-wave starting from 4555-4600.
There are a lot of possible trading setups for this chart.
Up to now, we keep short positions with stop loss 4365.
If Bitcoin breaks above 4365, we would expect a move to 4449 and 4555-4600.
For more details check out:
perfect-trader.com/chartanalysen/bitcoin/1454-btc-usd-bitcoin-chartanalyse-05-10-2017
Is the corrective wave over? The blue dashed wave (Diagonal) is finished, but chances are high that we see another (blue dashed) downwave towards 4100-4000.
A break of 4167 would trigger this down-wave towards 4100-4000.
At 4100-4000 there is a high chance for a bottom and another upwave towards 4555-4600.
In this scenario, we would expect another down-wave starting from 4555-4600.
There are a lot of possible trading setups for this chart.
Up to now, we keep short positions with stop loss 4365.
If Bitcoin breaks above 4365, we would expect a move to 4449 and 4555-4600.
For more details check out:
perfect-trader.com/chartanalysen/bitcoin/1454-btc-usd-bitcoin-chartanalyse-05-10-2017
Note
Bitcoin moved up according to the plan. Now its getting serious.
If we break above 4365 the bearish scenario gets neutralized.
Note
^Chances are high that the upwave ended. expect a move to minimum 4260 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.