BitcoinLong
Bitcoin Correction over? Wave 5 Up?
Good day to you! This is just a follow up from my post earlier today on the running flat wave 4 concept. Our target was hit and actually hit the 1.272. I originally planned for the 1.236. O well. Profit target was met. To be fair, I am only choosing "long" because i am not in most of my short anymore. Very small portion remains. I am not saying blind long. Look for entry signals
That being said, I am looking to scale into a long here for a potential wave 5 if we see some sings of strength. This falling wedge that we have created on the wave down would be one of those because diagonals tend to enjoy going back to their origin.
If ew start to make our way up, will follow up with targets for the upside. Trade safe!
That being said, I am looking to scale into a long here for a potential wave 5 if we see some sings of strength. This falling wedge that we have created on the wave down would be one of those because diagonals tend to enjoy going back to their origin.
If ew start to make our way up, will follow up with targets for the upside. Trade safe!
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.