Dear all,
This this the plan I'll be following until the market proves me wrong, which I'm sure it will.
So I take this chart this as a guidance for my strategy.
Pitchfork has been proved useful so far.
As shown on the chart if we reach that 11.5k it will be the moment to short the market since it will need a lot of players will take profits and market will enter a correction phase.
PS: The previous idea is a more conservative approach but by calculating previous waves extension on BTC this setup is also a possibility.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
This this the plan I'll be following until the market proves me wrong, which I'm sure it will.
So I take this chart this as a guidance for my strategy.
Pitchfork has been proved useful so far.
As shown on the chart if we reach that 11.5k it will be the moment to short the market since it will need a lot of players will take profits and market will enter a correction phase.
PS: The previous idea is a more conservative approach but by calculating previous waves extension on BTC this setup is also a possibility.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
Note
Like I said market loves to prove you wrong , it's part of the jobNote
BTC went reaching support a bit lower than expected, I guess OKex case helped in that matter.See how BTC is now holding support on the same one that launched wave 3
Note
Here is the updated chart. BTC went far down to look for buyers. If we bounce from here I'll watch for the extreme deviation of this pitchfork: Why 17th of August? it's the time for CD based on AB duration if BTC follows the ABCD pattern posted today on my profile.
Trade closed manually
Price action invalidated
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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.