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subwaves-4H Short locations or Long TP - EW(BEAR)
BTCUSD Perpetual Contract
Short
subwaves-4H Short locations or Long TP - EW(BEAR)
By derderwest
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Updated
Jun 16, 2020
6
Jun 15, 2020
Here are the potential subwaves of the red C wave
Jun 16, 2020
Note
We have potentially found the top of wave 5 (blue) and the Top of Cwave (red)
Im still expecting the price to reach the 161 extension for the C wave
if the price goes pasted the 161% then the ABC will be invalidated
Jun 16, 2020
Note
Also if this is the top then the larger wave 2 would of retraced 0.38 which is a good level but
for waves 2's i usually expect it too be between the 0.38 and 0.5 that lines up will the 161% for the C wave.
As soon as this C wave is finished we will be starting a larger C to the downside
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derderwest
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