BitcoinShort
BTC/USD.. still busy with its 4th
is still correcting and busy completing the 4th. Probable target for the 4th would be the 0.382-0.5 fib levels
From there we can expect it to finish the impulsive wave up with a 5th wave
After the 5th wave we get a correction, again to the 0.382-0.5 fib levels of the entire 5 impulsive wave
And then things get interesting..
1) Bull scenario this would complete the correction and we get an 5 impulsive wave up again
2) Bear scenario the previous 5 impulsive wave up is a C on a higher degree and so it finished an ABC
Meaning we now we get an 5 impulsive wave down presumably touching the 5.2-5.4k
My plan.. short as soon as 5 is in.. since in both bull & bear scenario's we're going down.
From there we can expect it to finish the impulsive wave up with a 5th wave
After the 5th wave we get a correction, again to the 0.382-0.5 fib levels of the entire 5 impulsive wave
And then things get interesting..
1) Bull scenario this would complete the correction and we get an 5 impulsive wave up again
2) Bear scenario the previous 5 impulsive wave up is a C on a higher degree and so it finished an ABC
Meaning we now we get an 5 impulsive wave down presumably touching the 5.2-5.4k
My plan.. short as soon as 5 is in.. since in both bull & bear scenario's we're going down.
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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.
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.