Bitcoin 4h Chart Analysis
Dear Traders
You might have followed our previous Sell Signal on bitcoin, in which all 4 TPs were hit in 6 days. Here we take a look at the current situation in a 4 hour chart.
Based on the Eliot waves theory I have distinguished 3 possible zones for the end of the correction phase, 2 of which are already lost. Therefore, I believe we are going to visit 28k! If you are opening a futures position based on this, be extremely meticulous about your stop-loss. I myself am waiting for a huge long position at around 28k!
Good luck everyone
You might have followed our previous Sell Signal on bitcoin, in which all 4 TPs were hit in 6 days. Here we take a look at the current situation in a 4 hour chart.
Based on the Eliot waves theory I have distinguished 3 possible zones for the end of the correction phase, 2 of which are already lost. Therefore, I believe we are going to visit 28k! If you are opening a futures position based on this, be extremely meticulous about your stop-loss. I myself am waiting for a huge long position at around 28k!
Good luck everyone
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.