BTC CORRECTION ?
Hi guys !
Well yesterday's news was really bad about Tether and Finex to say the least !
Overall BTC was at an overbought level trying to hit the top of the rising channel at 5700ish areas again until the news came up with a sudden crash.
But let's be logic : if that crash was real, and the news was really serious then btc would have hit 3k again within minutes due to this.
On other side the waves that have been done lately were healthy and good for reseting indicators.
I believe we can C the WXY again toward the 4700 ish area after finishing the second a,b,c leg to the 5300+
So you can scalp it now and long it to that area and turn it into short position but the stop will be lil bit far above the higher point in April
For long positions make sure BTC won't break down the 4950ish area.
Good luck and trade safe !
HT Trading Team
Well yesterday's news was really bad about Tether and Finex to say the least !
Overall BTC was at an overbought level trying to hit the top of the rising channel at 5700ish areas again until the news came up with a sudden crash.
But let's be logic : if that crash was real, and the news was really serious then btc would have hit 3k again within minutes due to this.
On other side the waves that have been done lately were healthy and good for reseting indicators.
I believe we can C the WXY again toward the 4700 ish area after finishing the second a,b,c leg to the 5300+
So you can scalp it now and long it to that area and turn it into short position but the stop will be lil bit far above the higher point in April
For long positions make sure BTC won't break down the 4950ish area.
Good luck and trade safe !
HT Trading Team
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