I'm a fan of bts but looks like the last Elliot Wave was a DUD and it confirmed that we're in mostly in the CORRECTION of a bearish market and NOT IN A BULL MARKET.
There is another 5 wave downward correction in wave C
The chart looks like Elliot Wave zigzag correction pattern: 5-3-5 correction
Stop loss: a high upper of B ~ 4900 .
There is another 5 wave downward correction in wave C
The chart looks like Elliot Wave zigzag correction pattern: 5-3-5 correction
Stop loss: a high upper of B ~ 4900 .
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Took some profits at 3300 ( trading poliniex)
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We may find some support in the 3300-3000 range as it is the level or the 4rth wave . Could be a good place, wait for a bounce and re-short it
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RSI divergence on the 15 min chart. Opened a long. tight stop, just in case there is another leg down
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New short opened:
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Trade going as planned.
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it was a pretty solid trade. wished i followed the plan and not buy and re-sell along the way
