Bitcoin Sunday Movement
This is merely a prediction, all unpredicted move is connected to how the market react
Looking at 1H timeframe of Bitcoin, we can see that right now we are moving into a corrective session. From here we can see that correction C is in the making.
There's two possible outcome based on Elliot Wave.
1. The market went up and hit the top line and it bounce down pass the bottom line
2. The market went down even further without going up.
To see which move are more prone to happen, we are now moving to 15M timeframe. From this timaframe we can see that the Bearish candle is dominating the war and there's a strong chance that the price go down without going up. We will need to see at least one or two more candle movement before going into trade.
Lets move to 4H timeframe to see where we should join the trade, our take point, and stop loss. Based on the 4H timeframe, there's a huge chance that the market will go lower as 8239.52965058, considering the previous WAVE 4 is around that area.
For the stop loss, I urge you to put it accordingly witht the candle movement that going to happen.
Trade safe!
Looking at 1H timeframe of Bitcoin, we can see that right now we are moving into a corrective session. From here we can see that correction C is in the making.
There's two possible outcome based on Elliot Wave.
1. The market went up and hit the top line and it bounce down pass the bottom line
2. The market went down even further without going up.
To see which move are more prone to happen, we are now moving to 15M timeframe. From this timaframe we can see that the Bearish candle is dominating the war and there's a strong chance that the price go down without going up. We will need to see at least one or two more candle movement before going into trade.
Lets move to 4H timeframe to see where we should join the trade, our take point, and stop loss. Based on the 4H timeframe, there's a huge chance that the market will go lower as 8239.52965058, considering the previous WAVE 4 is around that area.
For the stop loss, I urge you to put it accordingly witht the candle movement that going to happen.
Trade safe!
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