The end of the movement up? Short

Bitcoin / U.S. dollarBitstamp

Descrizione

⋅ 4 giu 2017 19:03

Corrective movement up fulfilled Elliott Waves ABC pattern.
In the BC_wave there are 3 pulses, what means for bulls it's time to rest (and it's not the only reason).
Pullback targets 2460, 2400 in extension.

Idea invalidates above 2570.
Please find movement's up history and technical analysis on Related Idea.

Commento

⋅ 5 giu 2017 19:48

Move up develops according to the exponential character. Likely ABC pattern becoming 12345. Longs @ dips, target 2760.

Commenti

ambrosia

⋅ 5 giu 2017 04:06

Looks like we're moving higher

Like2Move

⋅ 5 giu 2017 04:12

@ambrosia, strong bounce from support. Resistance 2600 by the way.

ambrosia

⋅ 5 giu 2017 04:17

@Like2Move, Yeah I'm watching 2600. If we break that next stop 2700~2750?

Like2Move

⋅ 5 giu 2017 05:59

@ambrosia, may be.

sergionero

⋅ 4 giu 2017 23:11

got it, thanks!

sergionero

⋅ 4 giu 2017 21:34

What is "pullback targets"?
It mean at 2460 or 2400 we should consider taking profits?

Like2Move

⋅ 4 giu 2017 22:58

@sergionero, I don't know, you're in long or short. I wrote expected prices.

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