$BTCUSD in a Harmonic Bearish Butterfly | Technical Analysis / Market Report Update #4, May 19 2017steemCreated with Sketch.

in btcusd •  8 years ago  (edited)

BTCUSD in a Harmonic Bearish Butterfly

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The Pattern is not yet completed but building divergens. It has paused at the 1.618 ext of the B to C leg for making an Elliott wave 4 before the pattern should complete at PRZ. Trade with patience!! The cryptos are very bullish right now due to having an edgy market ruled by fake news.

Action: Look for MA to roll over/confirmation before going short.

PRZ at: 1,971/72
Target 1: 1,830.6
Target 2: 1,786.8

Best to your trading!

René
WALLSTScalper.com

btcusd bitcoin cryptocurrency harmonicpatterns wallstscalper
8 years ago by

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