Kiwi_Trades

Looking at the bigger picture...

Short
KRAKEN:BTCUSD   Bitcoin
Wave C tends to break the illusions of Wave A and Wave B. In a declining market, it can be devastating and fear takes over with broad participation. An advancing Wave C as an upward correction in a larger bear market can be just as dynamic and it fools investors into thinking that it is the start of a new upswing. The fact that Wave C may do this in five sub-waves helps the deception. This is a good guideline that we as investors all need to remember, rule of thumb have a strategy and place your stop losses. After a tearing run north without much resistance strength is lacking as we have approached the golden fib retracement from our last impulse to the bottom of wave A in the correction cycle. I believe now would be a good risk reward short placement for the long run. As with the chat we will probably all hear btc is dead at least a thousand times more before the inevitable pickup.
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