BTCUSD. Elliot Waves correction pattern. C wave short idea.
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C wave short:
Entry level: 17800
Stop-Loss: 18101
TP: 13000
Entry level: 17800
Stop-Loss: 18101
TP: 13000
Not
It's possible that B wave is already complited, keep it in mind.Not
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I'm not sure about this, but that the chart i will operate with right now. Also, don't think that E wave will brake green trendline, but it's possible.
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Why do i think, that green trendline will hold?Not
However, in May, the ABCDE triangle ended in a protracted fall in wave E, with the breake down from a triangle in wave E (1800 bear trap). Therefore, I admit that after all, we can fall to the level of the previous peak ~ 8000. Although for this price have to break through the trend line, which at the moment is quite critical, and its breakthrough may mean a reversal of the ascending trend. After that, I expect (5) wave up to ~ 24000Not
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