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pbwork80s

Wyckoff play abc correction then to 5800-6000

Short
Bitcoin (BITSTAMP:BTCUSD)  
pbwork80s Aggiornato   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis
3
0
trendanalysis
Wyckoff distribution play. Expecting a low around $5050 then a move back to the high to test $5800 and maybe even $6k where I will short. After phase c is complete a move back to the break out level around $4200 is probable.
Commento:
Wave 2 of 5 complete
Commento:
Black swan event. Target hit now long to 5800-6000
Commento:
Couple more days of sideways and then up to next target.
Commento:
Arrived at UTAS slightly earlier than anticipated. Will watch closely for a break down from here. Taken profit on 50% of my long at $5750
Commento:
*UTAD
Commento:
consolidation at resistance IS BULLISH but this is bitcoin. Still expecting a big retrace from this level but completely possible we reach 6k+
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