BitShares / Bitcoin

Short

BTSBTC Short trade setup

By mostly_george

Updated

BTS will correct a bit after it broke out of the channel, forming corrective wave No 4, but it shouldn't get higher than D (3737)

Open trade : as near as you can to 3737
Target: 2500
Stop loss: a close after 3800

We're in a Double Zigzag correction : textbook form here http://www.elliottwave.net/educational/basictenets/basics_images/fig_13.gif

Trade active

opening a trade at E

BTS Short

Trade active

Adding to my short @ 3700 resistance . if it breaks, trade is cancelled.

Note

I messed up the last chart.

Here is how it should look like

Correction to previous chart Elliot wave

Note

BTSBTC Triagnle formation Double Three with a Triangle

Note

BTS Elliot Wave Update

Note

BTS SHORT

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