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BTCUSD - SELL IDEA

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Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
Harmonic Patterns Chart Patterns Wave Analysis BTCUSD btcusdshort cryptomarket trading investing newsignal freesignals signalservice telegramsignals
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Analyzing BTC/USD on the 15-minute chart using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move. Following this, wave (a) initiated a significant downtrend, and the recent upward correction formed wave (b). Now, I am expecting wave (c) to continue the downtrend. The first potential target for wave (c) is around 69395, which aligns with the 1.618 extension of wave (a). This setup suggests a short position on BTC/USD.
Trade fechado: objetivo atingido
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