Now following the clue that there is a broken trendline for BTC and it could probably going to finish its corrective wave 2.
We are now waiting for entry signal on 6.8k and expecting wave 3 up to 9k again.
What happen to that if we cant find out a entry signal around 6.8k?
We will check it again around 6.3k to see if entry signal round there.
Both positions are targeting 8100 as tp1.
Less is more!
We are now waiting for entry signal on 6.8k and expecting wave 3 up to 9k again.
What happen to that if we cant find out a entry signal around 6.8k?
We will check it again around 6.3k to see if entry signal round there.
Both positions are targeting 8100 as tp1.
Less is more!
Trade active
This trade is active at 6850.Note
Note
Quote"We will check it again around 6.3k to see if entry signal round there. Both positions are targeting 8100 as tp1. "
Now BTC back to test 6300 again.
Need to see if there is any sign of entry signal.
And that first trade active at 6850 has a wide stop loss, so that lots size is a really small one.
Trade active
The other half lots size entered at 6300.Note
Note
Technically, btc on weekly chart will take a few weeks for a sideways movement. And out two long trade entered at 6850 and 6300 are sharing the same STOP LOSS, 5800.
Once btc break 58k level, it will face a dramatical fall.
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Join Free Telegram Group to get all the updates: t.me/FuntraderVera
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.