2017 Summer Bitcoin Paradime almost done - correction wave #C
It was quite a ride for Bitcoin 2017
Spring paradigm has over. with 2950 ATH 0.98% , 1850 LL
and now it's summer ride almost done too.
Now it finishes it's acceleration bullish channel , broke its baseline.
Long position is not recommended.
Personally, I keep holding short position from 4400
So where we can consider long position(buy)?
1. Support level , possible reversal zone = $3500~ 3600
* ABCD pattern
* Correction wave 200%
* Impulse wave retraction ~50%
= $3,500 ~ $3,600
2. If H&S neckline brokes, it may down further to $2,950, previous paradigm's ATH 0.98%
So wake me up when september ends :)
Good luck!
It was quite a ride for Bitcoin 2017
Spring paradigm has over. with 2950 ATH 0.98% , 1850 LL
and now it's summer ride almost done too.
Now it finishes it's acceleration bullish channel , broke its baseline.
Long position is not recommended.
Personally, I keep holding short position from 4400
So where we can consider long position(buy)?
1. Support level , possible reversal zone = $3500~ 3600
* ABCD pattern
* Correction wave 200%
* Impulse wave retraction ~50%
= $3,500 ~ $3,600
2. If H&S neckline brokes, it may down further to $2,950, previous paradigm's ATH 0.98%
So wake me up when september ends :)
Good luck!