potential short setup

in my count we are currently looking for another move down completing the wave 5 of 3, a potential entry short at 26900 stop loss at 28000, target 24700 (25000 conservative)

Yorum:

stop loss got triggered but the scenario still on. for sure we see incongruence between 2 or more different charts. during the flash crash on the 17th Binance registered a 25k low / same time Bitstamp never retraced that deep therefor the low was at 26200 usd. the gap in price between the 2 charts change completely the count.

counting on Bitstamp we can see how the wave ended the impulse and after a long sideways the price was printing a potential ABC where C is a 5 wave impulse which moved behind my stop loss at 28000.

in my personal opinion we could possible still expect a move down

Yorum:

Fake out and correction playing out now after grabbing the liquidity above 26900 usd - however I’m not yet convinced we can take the low; therefore I recommend to trade safely and lock profit.

I will share new ideas shortly

Thanks for reading it

Yorum:

looking at this scenario I'm happy to see that played out almost perfectly and it's not yet finish. the target of interest are the same

İşlem kapandı: hedefe ulaştı:

This is the final update for this idea.
Target reached 100% scenario played out perfectly
✅