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Don't miss this nice opportunity to go LONG bitcoin. Yours targets are $13,000 and above. This is a good medium term play.

The downward correction in Bitcoin is over. Be long with a Stop Loss at $6150. Interim target $7272.

For those interested in learning Elliott Waves as applies to forex and Bitcoin:

link

EURUSD fell as anticipated toward our target of sub 1.1280s. Now wave B is complete. I now expect the pair to rebound and rise above the previous high of 1.1800s with a target of 1.2100s to complete wave C of (2).

USDJPY is rising in minuette wave (ii) - not indicated but is roughly the path of the blue trend lines to the extreme right. I expect it to find resistance at 113.60s before falling rapidly down in a third of a third wave.

NB: The rise should not go beyond 114.21

USDJPY is completing a triangle where waves (A)(B)(C)(D) are complete. The expected move down should complete wave (E) at about 105.80s

Trading idea: Go short as the market rises toward 113.60 with your Stop Loss at 114.22 and target at least 500 pips down.

I saw a post on twitter by @kenyanwallstreet that Equity Bank is to launch their forex trading platform today Tuesday. These guys are quite creative!

The sharp rise above 1.3270s calls for a revision of this forecast. A successful penetration of 1.3318 will give rise to new targets upwards of 1.3400s and 1.3516s.

The drop in Bitcoin is likely over now at $3495. Wave [Y] is Fibonacci 0.618 of wave [W].

I now expect Bitcoin to climb above $4580.00s soon in its path to regain the $6500.00s handle.

Bitcoin is completing wave (2) of the impulse wave [1]. It should then rise in wave (3) with targets of $5295.00s or $6144.00s. The red line at $3514.00s is our line in the sand that should not be breached to the downside.