BTC Short Call
5 wave move down in yellow to start a larger ABC retracement (5-3-5). Currently working on it's second wave in that larger ABC retracement - the green abc takes it to the golden pocket retracement of the 5 wave move down; the blue abc takes it to the golden pocket extension of wave a in that blue subwave.
The target for a golden pocket extension of the 5 wave move down in yellow would be roughly $3700 and for a 1:1 extension, roughly $1300. Shorting between $7700 and $8200 - expecting confirmation of the reversal between April 7th and April 9th - significant dates from GANN analysis.
That's my take, but I'm new to this - happy trading!
The target for a golden pocket extension of the 5 wave move down in yellow would be roughly $3700 and for a 1:1 extension, roughly $1300. Shorting between $7700 and $8200 - expecting confirmation of the reversal between April 7th and April 9th - significant dates from GANN analysis.
That's my take, but I'm new to this - happy trading!
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.