BTC Update! Another battle with a strong resistance !
Updated
BTC is facing an important resistance again ! who wins the battle? Lets follow!
It seems that we are still in wave B of an ABC form of correction and currently BTC is completing its wave (c) of B. If true, a huge decline is on the way to start wave C in the case of strong bearish reaction to the proposed resistances.
Proposed resistances are formed by cluster of Fibonacci levels of different Elliott wave cycles.
Please note that we never go short without a bearish reaction to a proposed resistance and we set our protective buy stop if we opened a short position.
Good luck every one !
It seems that we are still in wave B of an ABC form of correction and currently BTC is completing its wave (c) of B. If true, a huge decline is on the way to start wave C in the case of strong bearish reaction to the proposed resistances.
Proposed resistances are formed by cluster of Fibonacci levels of different Elliott wave cycles.
Please note that we never go short without a bearish reaction to a proposed resistance and we set our protective buy stop if we opened a short position.
Good luck every one !
Note
Ok. BTC made a new ATH. I was completely wrong. This analysis and related ones are no more valid as it is clear.Everyone makes mistakes in analysis..But we always keep going...learn from our mistakes and try more..
Every big mistake motivates me to try more and more
Note
BTC need a major update.Order cancelled
Related publications
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.