BTC 4 hour Potential signals of larger pull back
Updated
Hey guys, Id like to share the potential of a larger pull back if we aren't held within the wedge and break down. I'm taking profits at this time. In the event we turn up from here, this will invalidate the potential bearish divergence seen in the indicators. I'm not panic selling and Im not worried about the bullishness of the market. There are pull backs to every move up within bullish cycles. This may be one of them. Safe trading and we'll stay on top of what happens next!
Note
I'd like to say again, this could easily be invalidated with a bullish move up from here. I have every reason to believe this is likely, just want to share so people know what to look for in the event we do pull back. As I've said, the wave count is relatively rough to get a handle on at this time so could go either wayOrder cancelled
As noted above, was a great thing to be aware of however what would have happened if I had no skin in the game? This is the theme these days guys. I want to be clear, I see a count in the waves which allow for 20k before summer solstice. Just be advised. I can already see where the majority of TV is prepared for an absolute failure at 12k. I'm aware of that however find it unlikely. Happy trading friends!
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.