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4wave

BTCUSDT | Elliott Wave Projection | 4 Wave Correction Target Price action and chart pattern trading setup > The previous minor 3 wave extended 2.618 of 1-wave with small head & shoulders formation. > Potentially, minor 4-wave correction scenario at 0.5 fibonanci retracement of minor 3 wave impulse > possible retesting SMA50 dynamic support at SMA50 X SMA200 level zone. > Wait for reversal pattern in smaller timeframe TF4H / TF1H breakout confirmation > Target 5-wave (major 1-wave) expected at 1.618 extension of 1-wave > RSI sharply declined dead crossed uptrend line below 50, expecting further downside. > Based on this scenario, TP at 27K-28K price zone +30% upside as completing this uptrend cycle. Always trade with affordable risk and respect your stoploss! Good Luck
Long
by dukeposh
3
TOP—3 Reasons Not to Buy BitcoinHey, you! Do you know top-3 reasons not to buy bitcoins? Here is why: 1 — Moving in corrective structure. 2 — No fundamentals phase. 3 — Cheap altcoins, buy them better to grow your portfolio. What should we expect and do?! Well, never panic, this is normal, get use to it. Buy cheap altcoins, they will make good steps in next period (up to 1month expected). Have fun and enjoy. If you have questions — its my pleasure to answer them.
BITSTAMP:BTCUSDShort
by ArShevelev
33