BTC long retracement
Updated
In my opinion, BTC has finished a five waves (impulse) down and it is now in a correction wave.
I can count A, B and we are in C wave of the correction wave which targets 68000 (+/- 500)
we can go long with tight stop loss with small amount.
Don't forget to manage your risk.
It's a little bit risky trade as it is against the impulse wave.
I can count A, B and we are in C wave of the correction wave which targets 68000 (+/- 500)
we can go long with tight stop loss with small amount.
Don't forget to manage your risk.
It's a little bit risky trade as it is against the impulse wave.
Trade active
Put you stop loss @67400Trade closed: stop reached
The impulse didn't occur and stop loss achieved. We have to recount the wave again.
As we mentioned, this is a high risk trade as it is against the impulse.
We will try again later with the impulse.
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.