BITCOIN - Short Term View: BEARISH

in #bitcoin6 years ago (edited)

4th Wave Has Started, What Does It Mean?

If you wanna see my mid term view on Bitcoin, please read my previous post as it's still valid:
https://steemit.com/bitcoin/@benkalashnikov/3a4qrj-bitcoin-short-term-view-neutral

Correction Targets:

  • 4th wave often corrects 0.236 to 0.382 areas
  • Most likely that we only hit the 1st target.
  • ABC correction with a 1:1 target means we're gonna land right above $7,100 which is where I have most of my buy orders
  • Red lines are my orders where I sold and green lines is where I'm looking to enter again.
    Screen Shot 2018-07-23 at 00.30.09.png

Alternative


Could also be looking at something like this. Only concern is that some subwaves don't look 3-wave-ish.

Screen Shot 2018-07-23 at 00.54.04.png

Screen Shot 2018-07-23 at 00.53.52.png

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.

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Hi Ben. I have been following you trying to learn and looks as though you have been spot on so far. Keep it going.

Hi, thank you! Appreciate the support!

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