Hi Traders,
As you can see, we finished 5 step impulsive wave from around 4K to 58K. Right now correction is highly apreciated :D
Wave A looks like it´s going to be a ZIGZAG. A:3 = 1:1 but dont take it as dogma.
Strongest support is around 37-33K where (wave 4) Where could be great BUY zone. So breath deep, relax and enjoy the ride. My buy indicator will be based on Elliot wave count of Wave 3 (5 subwaves) + Konvergence of RSI on 6H or 8H RSI.
Trade safe
As you can see, we finished 5 step impulsive wave from around 4K to 58K. Right now correction is highly apreciated :D
Wave A looks like it´s going to be a ZIGZAG. A:3 = 1:1 but dont take it as dogma.
Strongest support is around 37-33K where (wave 4) Where could be great BUY zone. So breath deep, relax and enjoy the ride. My buy indicator will be based on Elliot wave count of Wave 3 (5 subwaves) + Konvergence of RSI on 6H or 8H RSI.
Trade safe
Trade active
Hi Traders, Quick update, Wave B was 0,5 = still very bullish market.
So I adjusted wave C. Right no is expected 1:1: extension but it can be truncated in this conditions of Hype :D
Stay tuned. and wait for confirmed RSI convergence at least at 4H CHart.
Note
Hi Traders, Hopefully you are doing great :) ....
Till now BTC moves as expected. 0.236 Fib level acted as Support and holded BTC above. Now we broken it and it becomes a resistance.
Partial waves of Wave C are still not 100% clear. So wait for RSI konvergence at least on 6H TF.
Stay tuned and enjoy beautiful weather.
Note
Possible long opportunity: Note
In this moment it also cound be something like Asymetrical // Descending triangle... The usually consist of 3-3-3-3-3 internal waves. this will be interesting to watch and trade. ;)
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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.