Bitcoin Short as Retracement nears Wave 2 of CBitcoin / USDBINANCE:BTCUSDyuchaosngBitcoin has retraced quite close to where I labelled Wave 2 of C. This makes it a good risk-reward short entry point. Using the top of wave 2 of C as stop loss point and the bottom of wave 1 of C as the take profit point, we get a reward-to-risk ratio of around 13.