BTC/USDT (4H) Could this be the DIp to buy ? - short term long
Updated
Hi Traders,
You probably think what the hell is going on with entire market and BTC especially as it dictate trend for entire Crypto market.
In my opinion we need to finish One short subwave of wave (V) of C. C is Major Corrective wave of entire growth from 3 to 69K.
So if my Elliot wave count is correct, than we will see Bottom of the Dip around 30-32K USD.
BUT. Many traders alredy expect this zone and want to buy. So I expect some F@ckUp. So
1) Either we will dip only to area aroun 33K (and most BUY orders will not be filled)
2) We will fall below 30K where more Stop-losses will be triggered what could extend last wave to something like 29-27K Area.
Be ready for both scenarios and Ladder your entry.
Also consider your strategy and RRR ;)
You probably think what the hell is going on with entire market and BTC especially as it dictate trend for entire Crypto market.
In my opinion we need to finish One short subwave of wave (V) of C. C is Major Corrective wave of entire growth from 3 to 69K.
So if my Elliot wave count is correct, than we will see Bottom of the Dip around 30-32K USD.
BUT. Many traders alredy expect this zone and want to buy. So I expect some F@ckUp. So
1) Either we will dip only to area aroun 33K (and most BUY orders will not be filled)
2) We will fall below 30K where more Stop-losses will be triggered what could extend last wave to something like 29-27K Area.
Be ready for both scenarios and Ladder your entry.
Also consider your strategy and RRR ;)
Trade active
Note
Seems like market is hesitating what to do right now, and we could form som kind of Bear flag. Probably it will drop with US stock market open in next 6 hours.: Well lets wait. ;)
Note
Looks like we could Fall lower, IF ... we break below 37200 tahn its HUGE change we didi only ABC correction up and free Fall will continue...Note
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