BTCUSD - 50% retracement following elliot wave principle

21 thg 8, 2017

Here is what a 50% retracement of current move will look like following Elliot Wave Analysis. Sold my $2500 entry at $4200. If market decides to negate this retracement - I will go back long. Looking for a 3k - 3.5k entry. Working off a 100% gain is healthy consolidation that will power the next leg up. This market is starting to show some maturity as it's not as easy to swing price as it used to be with fake volume. You want to be involved in crypto. BTC is a great option.