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VWuelfrath
May 12, 2018 10:09 PM

BTCUSD - ABC Correction 做多

BITSTAMP:BTCUSD15
Bitcoin / U.S. dollarBitstamp

描述

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We are correcting on the upside from that violent bearish wave 3.

A textbook bearish crab has form on the important Fibonacci supports. The target for the correction is 8900$.

Because the sell-off was so violent, we may see a further correction to the upside.

Buy zone: Small amounts up to the B point (about 8500$)
Sell zone: 50% at 8900$. We may overshoot so keep some on the side.

After this correction we are probably heading down again,

交易开始

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So far so good.

We have broken the resistance of the A point from the ABC correction.

Next stop is the C point which again, should be at around 8900-9000$

评论

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Good time to start selling.
The support is getting really weak.
If this breaks it is shorting time.

交易手动结束

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Sold at 8700$ and shorted on the way down.
I'm probably getting back in at about 7850$ if this support shows resistance.
Trend AnalysisHarmonic PatternsChart PatternsBTCUSDBTCbtclong
评论
mightytrader
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I have same almost same target (selling at $8,810) and for same reason. My SL is under $8150. My entry was $8350. GL2X: Good Luck & Go Long! (just made that up!)
VWuelfrath
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@mightytrader, Yeah 8900$ is somewhat of the area of interest but not a definitive number, Good luck to you too. It seems like a good trade
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