The strategy is to buy after breaking up the concluding triangle or build portoflio at wave E.
SL is below E area below 30 000USD.
The price can fall as low as 28 000USD but need a bounce up quickly if it does.
SL is below E area below 30 000USD.
The price can fall as low as 28 000USD but need a bounce up quickly if it does.
Note
First time daily closed below the redline support. Last support is 28 000 - 29 000USD range, next stop is 24 000 USD and 20 000 USD (ATH) support.
The set up is not clear. We would need heavy reversal volume to move up the price above the support.
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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.