barbosa89

barbosa89 Updated 

what do you guys think?

barbosa89

If we are indeed in a ABC expanded flat correction, then bitcoin is soon heading back down. IT'S risky to long this price. I hope you guy are trading carefully and please hit the like button if you enjoy this idea, and follow for more ideas. :O

barbosa89

if you didn't get in in the 160s last night at this point there's a new good entry point, 171 if we are in a expanded flat. in the other hand, if we are just in flat the entry point is 174. I would start scaling into a position from 174 to 171.

barbosa89

two possible outcomes, both potentially winners!! hedge accordingly and scale into your positions and keep risk to a minimum. and grab some popcorn!

barbosa89

after breaking the support line, the trend might be heading in a new direction. we will probably test the previous support line, which has now become resistance. Grab your popcorn.

barbosa89

the top two red arrows on the base of the inverse purple triangle were used to slope the resistance line and the bottom two green arrows at the top of the inverse purple triangle were used to slope the green support line. I just extended the support line to the left to see where it would touch, which happened to be 8,500ish. regardless, the to main points i used...

barbosa89 Updated 

BTC, DO YOU SEE?

barbosa89

I am keeping my eyes on this one. soon to go bullish possibility.

barbosa89

Grab your popcorn :)

barbosa89

some kind of madness

barbosa89

entry point, 11,430$ (start of wave 3) target point 11,830$ (end of wave 3 ends at the 1.618 fib) stop loss at 11,330$ lets ride this small wave :)