Real quick.
We have a couple scenarios for bitcoin right now. In white the bullish scenario where we get 5 waves up and an abc correction that follows. I'm leaning towards this one because the fibonacci extension target for a wave 3 was hit. I wouldnt be buying up here though.ill be waiting for a retracement so I can go long.
In red is the bearish scenario where we are coming up for an x wave and are going to roll over and come all the way down and break the previous low.
We need to wait for the chart to reveal itself.patience is highly recommended here
Good luck guys and gals
We have a couple scenarios for bitcoin right now. In white the bullish scenario where we get 5 waves up and an abc correction that follows. I'm leaning towards this one because the fibonacci extension target for a wave 3 was hit. I wouldnt be buying up here though.ill be waiting for a retracement so I can go long.
In red is the bearish scenario where we are coming up for an x wave and are going to roll over and come all the way down and break the previous low.
We need to wait for the chart to reveal itself.patience is highly recommended here
Good luck guys and gals
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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.