BTCUSD - Correction continues
Güncellendi
Bitcoin may be making a healthy correction which will last longer than expected. If the triangle where the price is trapped get broken to the upside with a wick above 5250 the correction is pretty much over, but what it looks is a triangle wave 4 before the last wave 5 down making what it could be the first impulsive wave of a corrective ABC from the last high at around 5500. If the price finally gets another impulse down and stopped around 4700-4800 that will be a good sign. Getting below 4600 implies a hell of selling pressure from bears, and a breakdown of 4200 could be the end of the bullish trend.
The signals that I sent to my telegram group were crystal clear, short. Our ETH position had a really good entry at 182 while in XBT we had an average of 5125. We didn´t fomo in the last wick up keeping our positions solid, following my last TA where I specified the next move of Bitcoin.
At the moment of writing we sit in both XBT and ETH with profits and a SL at entry price, so whatever happens now we can stay safe.
As always thanks for watching, don´t forget to like and follow if you consider useful this analysis :)
The signals that I sent to my telegram group were crystal clear, short. Our ETH position had a really good entry at 182 while in XBT we had an average of 5125. We didn´t fomo in the last wick up keeping our positions solid, following my last TA where I specified the next move of Bitcoin.
At the moment of writing we sit in both XBT and ETH with profits and a SL at entry price, so whatever happens now we can stay safe.
As always thanks for watching, don´t forget to like and follow if you consider useful this analysis :)
Not
The first 23.6 fibo target was already hit without further drops, so now is time to see an abc up.Not
So finally seems that we are making a textbook retrace with top at 38.2 fibo.
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.