If this is a true impulse we know that wave 4 cannot go into wave 1 by more than a wick. Wave 4 is getting close to Wave 1 territory right now which would mean there's a good risk/reward trade. Looking at a FIB extension wave 3 hit the 1.618 extension meaning that the 5th wave should hit about the 2.618 extension area which the price will be $14448. The C wave in wave 4 may not be quite done yet. The optical buy would be about $10,800. However there's always a chance it may not hit those prices.
Buy in around here
Ladder buy $11,000, $10800
SL: $10630 or wait for a daily close to see if bitcoins candle body doesn't go into wave 1 territory.
TP1: $13190
TP2: $14,448
Buy in around here
Ladder buy $11,000, $10800
SL: $10630 or wait for a daily close to see if bitcoins candle body doesn't go into wave 1 territory.
TP1: $13190
TP2: $14,448
Note
Leverage bids filled at 10800Note
if daily close is below $10,757 count is invalidated. It already bounced up from this support area today. Lets see some momentum
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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.