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BTCUSD long to $11,800ish in a few days to about 1 week

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Wave 2 is complete. If the $9071 price level holds, lets' look for a price movement toward at least the length of wave 1 near the $11,800 price level. We should see this is 5 waves. If this count is correct, this would be a 6:1 risk/reward relationship. The $11,800 price or 1.382 fib lines-up with previous resistance from (July 12, 2019)
Time frame: I don't know. I was surprised at the long time it took wave 2 to complete. It's either going to be quick and impulsive move; few days, or possibly an ascending triangle taking a week or more.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.