The black triangle count, if correct, indicates us that price will fall one last time [\b] before starting to rally ![\b]
Therefore, I am maintaining my short trades for a bit longer.
And just added a new one @ 7600 with first target 5755.
*** You can short it if you like at current price with a Stop at the black trend line for exemple.
Ideally, I would like price to break the 5000 line (just to crush the last hopes of the crytosphere)
--------------------------
But Beware [\b]
If price moves above 8500 (wave C), this then negates the count as wave E cannot move beyond wave C high.
Therefore, I am maintaining my short trades for a bit longer.
And just added a new one @ 7600 with first target 5755.
*** You can short it if you like at current price with a Stop at the black trend line for exemple.
Ideally, I would like price to break the 5000 line (just to crush the last hopes of the crytosphere)
--------------------------
But Beware [\b]
If price moves above 8500 (wave C), this then negates the count as wave E cannot move beyond wave C high.
Note
Told you so !Note
First Target Reached!Second Target @ 5280
Third one @ 4440
Next one @ 3100 !!! (Most important one)
Keep an eye once the 5000 level is broken.
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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.
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.