AhmedKhater

BTC at at the end of the correction, more selling is likely

Short
BITSTAMP:BTCUSD   Bitcoin
it seems out that BTC has completed a 5 waves which wave A, followed by a corrective structure which is wave B and now we are waiting for the initiation of wave C which is likely to target 26000$ once again ore even lower, we don't say that wave B has already finished, but if not its likely to target 42000$ (38% Fib level) before the initiation of wave c.
as so, we recommend to sell from 42000$ or any appearance of bearish signal such as MACD bearish cross.
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.