BTC short UPDATE Elliot Waves

6 thg 8, 2019

First correction seemed to be longer than expected, however, 12 k is holding nicely and Will most likely send back BTC towards 10k. If BTC breakes down the simetric triangle, the goal is 6k, which is the same goal of the third Elliot Wave. In that scenario, and if the 2nd correction is confirmed, a low risk trade from 6k to 4k expecting the 5th wave which is the most predictable Will be a nice option to do.
RIght now, for me, you could open a short from expecting BTC to reach 10k and if the simetric triangle is broken, another short from 10k to 6k, and if you missed all those opportunities, a last trade from the level of the 2nd correction to 4k