Explanation is on the chart!
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Just wanted to say, i'm out since I got stop-lossed at 9.4k usd. Waitin for a new opportunity to go long again. So I look for the support range I drawed or I wan't to see a really strong reversal pattern forming. Otherwise I keep my money in usd.Note
We formed a rising wedge, but already dropping below. 7k usd is still my main buy-in area.Note
For now this is still my main idea! Unless we see a big increase in buy volume. But we made a bigger rising wedge, volume is already declining heavily. Predicting the bitcoin atm is really hard. We just have to have a close look!
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I had questions regarding wave two. It looked a bit weird.Note
I had questions regarding wave two. It looked a bit weird. So for the best explenation I just counted the waves on the smaller time frame. If you look at that, everybody understand why it's wave two on a bigger degree I think ;)
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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.