Bitcoin reached my last two swing targets. If you have followed me you could make easy 800$ per bitcoin.
Go long here
BTC (Bitcoin) / USD - Bitfinex - 05 June 2018
and short it here
BTC (Bitcoin) / USD - Bitfinex - 06 June 2018
What next ...
1 . For now the downtrend stop at 0.786 Fibo retracement. Here is also the support of the major uptrend line since 06 February . If 7200$ hold we can accept this as 2th wave and can expect the 3th wave witch is the strongest and the longest one to reach at least 1:1 extension from the 1th wave (7900$-8000$) or as usual the 1.618 extension (8350$-8450$). This are my two targets for the 3th wave.
Here how the big picture looks like.
2 . If my count is wrong or the major support uptrend line do not hold we should expect lower lows. How match low ? We may test 6400$ first and then 6000$ again. If we accept the last ugly structure as another fail then Bitcoin will make another ABC on his way down. If this happen I will update you accordingly.
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Legal Disclaimer: This blog post and the materials in it are for informational purposes only. I'm not an financial advisor. This is only my opinion. It is not advice or recommendation to buy or sell according to provided information about the price movements and I am not liable for any pecuniary damages!