Hi guys. I have corrected the upper trend line and it still shows that bitcoin is following the right path we are looking for. You may be thinking, surely a change in a trend line may indicate that the correction has failed, but this is far from the truth. The most important part of the correction is the wave structure. The wave structure is still strong and following all the rules. The gradient of a trendline is not important. As long as there is no ‘strong’ throw over/throw under, there is nothing to worry about (A throw over is when the wave structure passes the trend line by a significant amount). So, what should we expect with this final wave? Do not be afraid if the final wave passes the lower trend line, as i do see it possibly happening. This is a strong catalyst for a surge up to possible higher highs. Nevertheless, I will be investing once we reach the lower trend line, but as this is not financial advise, please make your decision by yourself. Hope this helps!
@Ammad565 you can message me privately on here if you would like
Ammad565
⋅
@ASA2001, i need to know btc/usdt will go down or up in this 2 days
ASA2001
⋅
I cannot tell you definitely what will happen or advise you on what to do, as I am not your financial advisor. I do see bitcoin going down in the next two days, but you should do your own due diligence if you are going to make a prediction and risk your own money. Making short term risks like this are difficult and many factors are in the way to see a clear path. It is much easier in the long term. Ive recommend to avoid bitcoin at the moment, and wait for the 5th wave to form.
Ammad565
⋅
@ASA2001, alright i got it. Of course you are right, thanks alot for the reply .
ASA2001
⋅
@Ammad565 No problem. Dont worry about short term gains. I always like to look at it like this. It will always be easier to study one thing in detail, have faith in it, and make serious money in the long term, then worry day-in-day out about something that is and never will be in your control. You have a lot of time in life, you don’t need to conquer the world in one week.😄
Ammad565
⋅
@ASA2001, haha yeah you are right, actually i am a new in this busines i just know spot trading and i have 4 btc only i do it in short time way . I take 100 usdt margin between the btc/ usdt price and do it daily 5 to 6 transaction so is it fine or shoukd i improve it ?
Ammad565
⋅
@Ammad565 as per your technical analysis you were right 😊
ASA2001
⋅
@Ammad565 glad I could help😅 im guessing you shorted bitcoin?