BTC BREAK ON SYMMETRICAL TRIANGLE
It seems the final wave on the current wave count is confirming the Wave count on the daily time frame.
So we could see a drop to 33 000 or 29 000
Things seem to be going as planned if you have not put a buy on yet let's wait for the support at 30 000
But at this point I would say if you are short from previous sell level at 51 000 when we saw the key level confirm a drop I would say hold on till 30 000
Other wise I suggest no long or short positions at this critical stage
EVEN THOUGH WE BROKE OUT THE OVERALL CONDITION AND CONTEXT FOR A TRADE IS NEUTRAL
IF YOU DO OPEN AT HIGH RISK KEEP YOU EYE ON THE MARKET FOR POSSIBLE FINAL RALLY
So we could see a drop to 33 000 or 29 000
Things seem to be going as planned if you have not put a buy on yet let's wait for the support at 30 000
But at this point I would say if you are short from previous sell level at 51 000 when we saw the key level confirm a drop I would say hold on till 30 000
Other wise I suggest no long or short positions at this critical stage
EVEN THOUGH WE BROKE OUT THE OVERALL CONDITION AND CONTEXT FOR A TRADE IS NEUTRAL
IF YOU DO OPEN AT HIGH RISK KEEP YOU EYE ON THE MARKET FOR POSSIBLE FINAL RALLY
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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.