Simple idea chart analysis for BTC
Updated
Uptrend Elliot Wave finished two times. ABC finished and minor uptrend was made. ABC again to finish chart patttern.
I sugest to not buy until further comfirmation.
On another note: big whales are buying now, so selling would be a good risk.
- Minor uptrend haves already 4 points E.W. . The fifth point is at 300% of it's own fibonacci.
- I used the fibonacci inside gap of first peak and fourth peak, jumping midle wave for better structure.
I sugest to not buy until further comfirmation.
On another note: big whales are buying now, so selling would be a good risk.
Trade active
Note
E.W. 300% is below 67.5k. TP should be on that area for now.Note
Trade closed manually
E.W. in 1H timeframe finished. There's no need to risk it and keep going sell. It's better to close and take profit.
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