BTCUSD Waves. Under the microscope.(09.10.2017)
Good morning. Yesterday, we sold 90% of the total position at 4590. Bitcoin continues to form the C (orange) wave in a possible bullish "wedge" model. To confirm a good chance of growth, you need a touch / break through the level of 4700 and the wedge boundary. Now we assume that 5 wave upward movement is formed, and internal wave 3 (blue) is over. We are waiting for the price correction to 78.6% Fibonacci.
Consider a cautious purchase from the level of 4520-4500 with Stop Loss 4460. The target area for closing the long position is 4700.
Consider a cautious purchase from the level of 4520-4500 with Stop Loss 4460. The target area for closing the long position is 4700.
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