SRVgroup

BTCUSD Waves. Under the microscope. (23.05.2018)

BITFINEX:BTCUSD   Bitcoin
Due to the yesterday’s sharp plunge the short play was not possible.
The local bottom has been updated; moreover while the price falling out of the range, and the model by its’ decline nature reminds the wave "c", looking for sales is not as interesting as it was yesterday: stop losses are too high.
Recently I’ve studied the logic of the last 3 months, as well as current quantity and dynamic of marginal long / short contracts. Taking this into consideration I’ve returned the triangle model in the correction wave B (6000 - 8000/10000), removing the scenario with a simple zigzag.
The “tothemoon” variant is edited too (blue), however its structure is very doubtful.
A little later you can prepare for purchases under certain conditions, but now it’s better to watch.
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