Following on from our last Bitcoin analysis, we saw a nice breakout. We are now in the impulsive phase (wave 3). Wave 3 has 5 subwaves and we are currently on the 4th subwave which is an ABC wave. This wave shouldn't go beyond wave 1 structure level - gives us a clear invalidation level.
Trade Idea:
- Wave 4 is often an ABC wave
- Watch for breakout
- Invalidation is the wave 1 structure
- Short term targets: 46k, 49k
Goodluck
Trade Idea:
- Wave 4 is often an ABC wave
- Watch for breakout
- Invalidation is the wave 1 structure
- Short term targets: 46k, 49k
Goodluck
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🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
Related publications
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.