BTC Short 7200
Updated
Good Morning fellow Bitcoin Traders
Today i want to publish my newest Bitcoin Analysis, for the last few days i have been short in BTC/USD.
The Chart Structure since the Crash in early March has been very difficult to read and forecasts are very hard to make.
But since the low at 3990 a solid impulse could be made by Bitcoin and we are actually now in a 1,2 corrective Wave.
I am forecasting a drop to 7200$ in the next Weeks and then it will be possible to stack up long positions to the next Target of Wave 3. (circa 17500$)
Short at: 9316$
Profit Targets: 7900$ -> 7200$
Stop-Loss: 9840$
Today i want to publish my newest Bitcoin Analysis, for the last few days i have been short in BTC/USD.
The Chart Structure since the Crash in early March has been very difficult to read and forecasts are very hard to make.
But since the low at 3990 a solid impulse could be made by Bitcoin and we are actually now in a 1,2 corrective Wave.
I am forecasting a drop to 7200$ in the next Weeks and then it will be possible to stack up long positions to the next Target of Wave 3. (circa 17500$)
Short at: 9316$
Profit Targets: 7900$ -> 7200$
Stop-Loss: 9840$
Trade active
Short since 9316$
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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