BTC to the Bottom

This roughly follows classic bubble theory and Elliot's Wave pattern, continuing the pattern of a descending triangle down to the 80% retracement level - similar to what happened in 2011 and early 2015.

Transakcja zamknięta: osiągnięto wyznaczony cel:

Short from 6700 closed at 6353.

Zlecenie aktywne:

Long opened from 6360. Stop at 6200.

Transakcja zakończona: osiągnięto poziom stop:

Tripped earlier in the week.

Now just doing some scalping back and forth before we move up.

Komentarz:

This chart is aging well but lesson learned: if you make a solid analysis, don't deviate from it in trading strategy.