BTCUSD is potentially still in the midst of Wave 3. The price was clearly supported by 200 SMA in 4 hour chart. Wave iii of Wave 3 is short, therefore there could be a chance that wave v is extended. If the Wave v of Wave 3 is extended, it could reach around $12,000 - 13,000 range. I consider this good risk/reward trade (I already entered around $9700). Let's watch how the price behaves.
I trade forex, cryptocurrency, stock, futures mainly based on Elliott Wave principle.
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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.
I trade forex, cryptocurrency, stock, futures mainly based on Elliott Wave principle.
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.