thekevin

BTC Update

Short
BITFINEX:BTCUSD   Bitcoin
I'm in full on bear mode, I'm afraid. I can easily count 5 waves down, into a somewhat ambiguous ABC up. I'm assuming another 5 legs down. If we assume a 1:1 ratio for the A+C waves and we assume around 1.0 - 1.618 using a fibonacci time tool - here's my targets! Shorter term we broke down through an ascending triangle (to start the subwave 1, wave C). On a macro scale we broke down through the bottom of the symmetrical triangle that has been building for the last few months.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.