Neutral view on BTC
Updated
Currently I believe we could still be within a larger correction heading down towards the 33k Range.
We could still complete a 5 wave count up to 50k shown in the green wave count.
The end of that wave count could still be part of a correction within the bear cycle, but I would need to see how it acts around the targets mentioned.
We could still complete a 5 wave count up to 50k shown in the green wave count.
The end of that wave count could still be part of a correction within the bear cycle, but I would need to see how it acts around the targets mentioned.
Trade active
I had opened a short @42.2K in anticipation that we are STILL in the process of following through with this idea below.SL @ 45k
TP1 @ 34k
TP2 @ 28k
This previous Bullish move up to the 45k region was not anticipated but it still stayed below my defined resistance area from that post above. The market as a whole has been really volatile in terms of the market sentiment so I will keep a heavy eye on how it behaves around major Supports or Resistances.
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