Have a look at my Elliot wave analyze, this small triangle is more probable. I expect price goes to 37500 and an small bullish move to 44000. As still haven't finish wave 4 we need to trade very carefully. I have updated last analyze. I am holding all my Long position and I am adding more margin to my long position at 38050. this means, in my opinion in mid-term still we have a bullish move to about 50000 dollars , in case price can be low till 34000 dollars before touching 50000. which will be a good opportunity to add more margin for long.
This analyze will be wrong if 34000 breaks.
This analyze will be wrong if 34000 breaks.
Note
I have moved my BUY LIMIT to 37650Trade active
Still waiting for the price to touch buying zone for long position. if you have short from 40k , suggested to close it now.
Trade active
Trade closed: target reached
Now we are in the yellow box. please follow next analysis for further predictions
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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.