For me, everything looks clear.
I still do believe we have to go one more down at least $6,000
I just changed my count a little bit, but it will not affect the result
So, It could go down to $7,000~$6,950, and go up to $7,960~$8,010
I would definitely put sick short order at that level
So, where is the stop loss that means I am totally wrong and we are now in bullish trend?
There are 2 options
If you convince we are on the bearish trend, set the stop loss at $8,980 which was end of wave 1
If you are not sure 100% and want to get out of your short position, you can get out when price break up black trend line.
In shorter term perspective, I hope I can get more and more BTC for my short at $8,000 like below:
Looks quite easy and simple :)
I still do believe we have to go one more down at least $6,000
I just changed my count a little bit, but it will not affect the result
So, It could go down to $7,000~$6,950, and go up to $7,960~$8,010
I would definitely put sick short order at that level
So, where is the stop loss that means I am totally wrong and we are now in bullish trend?
There are 2 options
If you convince we are on the bearish trend, set the stop loss at $8,980 which was end of wave 1
If you are not sure 100% and want to get out of your short position, you can get out when price break up black trend line.
In shorter term perspective, I hope I can get more and more BTC for my short at $8,000 like below:
Looks quite easy and simple :)
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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.