BTCUSD is coming off of a quick dive to $9000. I touched on this potentially forming an Adam and Eve double bottom. I think it could bounce off this 0.618 fib, make a new local high around 
13K, then down to $8500-$7k. Long at $10500, short at 13K, long at $8k.
Watch for break above 50 SMA on 1 hour. If we go above dashed line then the Elliot Wave count shown here is invalid.
*NOT TRADING ADVICE ETC.*
13K, then down to $8500-$7k. Long at $10500, short at 13K, long at $8k.Watch for break above 50 SMA on 1 hour. If we go above dashed line then the Elliot Wave count shown here is invalid.
*NOT TRADING ADVICE ETC.*
Note
If we break below $10k or the 0.786 fib support I believe we will fall to $8000-$7500.Trade closed: stop reached
Trade active
Mistakenly updated, stop was not hit. On target.Trade closed: target reached
There we go
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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.