Future - BTC
Updated
There are 3 possible cases:
Case 1: BTC just finished running wave 1 of wave 5: So we can buy and stop at 29682 on binance future for target 31800 and above.
Case 2: BTC has finished running 5 waves 12345 from the bottom 24800
So we are running wave 3 of the ABC correction.
The bottom of wave 3 can stop at (29600-29900). Wave bottom A may stop at 29000-29190
Wave B top stops at 30400
Corrective wave bottom C stops at 27400
- If BTC goes down (confirm short order) - We wait to sell at 30450
- Then trade on the blue line
Special case: Both of the above cases have a small short order 31200 for a retracement to the middle range (31800-29600).
Case 3: The whole process from 24800 to 31800 was an ABC correction for a decrease of 20,000.
We will update further if the above 2 cases have happened.
Case 1: BTC just finished running wave 1 of wave 5: So we can buy and stop at 29682 on binance future for target 31800 and above.
Case 2: BTC has finished running 5 waves 12345 from the bottom 24800
So we are running wave 3 of the ABC correction.
The bottom of wave 3 can stop at (29600-29900). Wave bottom A may stop at 29000-29190
Wave B top stops at 30400
Corrective wave bottom C stops at 27400
- If BTC goes down (confirm short order) - We wait to sell at 30450
- Then trade on the blue line
Special case: Both of the above cases have a small short order 31200 for a retracement to the middle range (31800-29600).
Case 3: The whole process from 24800 to 31800 was an ABC correction for a decrease of 20,000.
We will update further if the above 2 cases have happened.
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Case 2 activeNote
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Today, when I measure BTC, there is one thing like this.That is forgetting to subtract 200usd, the price is lower than expected at 29040. So 29800 must subtract 200 = 29600 which is the first correcting wave A peak. Because I originally expected wave 5 to end at 29040. It falls deeper, the correction must be lower
Now we have finished running wave B and we are running wave C.
Wave C can lie anywhere, as long as it doesn't go beyond 360% of wave A. So we'll look for a short from around 31800 to 30000.
The 2 suitable points are 29900 ~and 30400~. I prefer 30450 over 29900.
It's better at this time when people see strong selling signs, then follow the market
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