chipset
Short

Sell Opportunity... If You Are Bearish

BITFINEX:BTCUSD   Bitcoin / Dollar
Revisiting my old TA (posted almost a month ago), seems the wave count is validated. You can see it at

Now... assuming I did perfect wave count, then we are at Wave 4 correction, isn't it? yeah.. bears are happy now, while bulls not completely out of woods.

I'm not trying to be ahead of anything, it's just some possibilities.. Again.. assuming we're at Wave 4 correction after (what we believe as) end of Wave 3, here's options for shorting on this pullback.

a. 24% - 8700.5
b. 38% - 10275.6
c. 50% - 11626

This is solely counted based on EW and Fib. Did not consider any fundamentals situations, indicators. Your investment, your responsibility..
Kommentar: 24% (8700.5) passed. Next short opportunity is 10275.6..

if you are bear :)
Kommentar: we have pullback from 24% now.. :)

could it be end of Wave 4?

I welcome any input and critics
Kommentar: Feb 9th, it bounced to 8700, retracted and bounce
Feb 16th, it bounced to 10270, this is now..

match it to the chart :)
Kommentar: are we going to 11626 and then full blow to the bottom?
Kommentar: I'm ready for shorting when market telling so. But not so fast, eventhought currently it's moving perfectly following wave count I planned, I still look for another possibility, it keeps going up..
Kommentar: Moment of truth. I bet nobody knows where we are heading to.

is it a 12345 in bear direction? or ABC correction has ended and we are at the top of Wave 1 of new wave cycle?

IMO, No need to think about it. Money is money. take profit or HODL. no way selling at lost
Trade geschlossen: Ziel wurde erreicht: it stop at 50% pullback... :) exactly as we planned..

this is not a trade zone for me. I'll watch and decide my action after current consolidation and breakout.
I'm for shorting when market telling so. But not so fast, eventhought currently it's moving perfectly following wave count I planned, I still look for another possibility, it keeps going up..
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Sorry, wrong chart. Couldn't find an option to delete.
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Aren't the only corrective waves in EW 2 and 4?
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