Bitcoin Analysis(More fall)

After Mt. Gox moved $840 million in Bitcoin to a new wallet, Bitcoin started to fall.

Bitcoin has managed to break the lower line of the ascending channel.

According to the theory of Elliott waves, it seems that the next corrective waves have started.

I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ).

Note: An important point you should always remember is capital management and lack of greed.

Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

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Trade attivo

Commento:

Running well.

Trade chiuso: obiettivo raggiunto