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Short-term Sell set up

BITSTAMP:BTCUSD   比特币/美元
Since the short-term structure remains bearish , I am incline to wait for a selling opportunity to pop up
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评论: short-term bounce may continue and may test the 38.2% or 50% retracement levels
评论: looks like a bearish pattern is almost done
评论: there has been no impulsive decline so far, price could still go up
评论: e.g. a double zigzag correction
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评论: if there is another push above wave y then we can label w-x-y as a-b-c flat
评论: break below 6510 could indicate the recent high is the end of wave y
评论: could be another wave up to test the 0.618 retracement level
评论: bearish count
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'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

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