I had a bias of BTC going back up to reclaim 35k at the very least before laying eyes on this chart.
From an EW perspective, we had previously drawn a shallow 2, and a deep wave 4.
Now if we dive into the subwaves of this wave 5, I feel like wave 3 could be finished and we need to go up and fill that gap to play out wave 4.
Safe trades to all.
From an EW perspective, we had previously drawn a shallow 2, and a deep wave 4.
Now if we dive into the subwaves of this wave 5, I feel like wave 3 could be finished and we need to go up and fill that gap to play out wave 4.
Safe trades to all.
Trade closed: stop reached
TA isn't always 100% right. Admit when you're wrong, and move on to the next :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.