Flat | 05 March 2018

Bitcoin didnt move anywhere close to where we previously forecasted. So far as we're concered, there still no major changes to our technical outlook on this chart, we still expect the corrective wave (iv) to go above 12110.50 where we'll be looking for a short position. The anticipated short position will be the continuation of the impulsive wave (v) to the lowerside and may break below 4666.02 towards 1500.00. This view can only be invalidated in case the price break above 12110.50, this being the case, we'll be waiting for another break above 13000.64 to confirm a possible rally towards 17692.45.

Flat