BTC to the Bottom
Updated
This roughly follows classic bubble theory and Elliot's Wave pattern, continuing the pattern of a descending triangle down to the 80% retracement level - similar to what happened in 2011 and early 2015.
Trade closed: target reached
Short from 6700 closed at 6353.Trade active
Long opened from 6360. Stop at 6200.Trade closed: stop reached
Tripped earlier in the week. Now just doing some scalping back and forth before we move up.
Note
This chart is aging well but lesson learned: if you make a solid analysis, don't deviate from it in trading strategy.
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