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Btc-short

BTC SHORT INTO LONG-EWI will be taking a short off of the 0.786 retracement/weekly levels based on a confluence of two Elliot wave counts-on being a c wave of a correction of the impulse down and the other being the end of wave 3 of the impulse up. Therefore profit taking 1 will be quite quick at the 0.382 and I will be waiting to see the reaction at these levels to decide whether or not to enter a long position on a different account. If we fall through this support them my target will be the monthly level and I will take a long off of that level. If we bounce off of the 0.382 (PT1) I will enter a long for the 5th wave of impulse and then enter a short, and then enter a long as this will be part of a bigger impulse move
BITSTAMP:BTCUSD
by maxj1012
BTC 56,000 TargetThis is an update on my idea of the bearish ascending wedge pattern. As I suspected, the price broke through the bottom support line of the ascending wedge. The next level of support is the major trend line drawn between the last 2 major dips at 50k and 43k. Using the same bar pattern from the last drop to 50k, along with the fact that price is turning back down on the 15min chart and I see very large buy orders at 56k on the depth chart, I suspect price will reach 56k within the next day or two. Additionally, RSI and momentum indicators crossing down currently on the 15 min chart. Most likely break the all time high after that. Many people are talking about a reverse head and shoulders pattern firming. I do see it. However, if the price is rejected again at 60k, at the neckline, look out below. It's a long way down to 30k when Elon Musk bought his coin.
BITSTAMP:BTCUSDShort
by bodeen88