Trying to count Eliot waves, noticed after finished 5th one, BTC has started correction ABC zig zag The C wave appear as an ending diagonal with respected consideration as per notes that I got. Now the price trade in range of previous + order block where the try is good exactly SL. Is breaking OB very close so risk is almost none if u mind your own. Anyways...
I think usdt dominance going in a bearish wave, noticed a new born 0-5 harmonic pattern appear.
Potential reversal pattern has been completed, trend line crossed and backtesting, R:R 7.25 to 1 Good luck!
Harmonic: Shark Pattern Elliot correction, I think that we have not get enough pump/dump yet
Short, wait for back test of gloden pocket, available up to 0.886 PRZ otherwise too late to short it. SL breaking PRZ. With such of negative situation of BTC we may see far target of profit. Hidden negative divergent. Bear sign
I’ve opened a short position with a perfect R:R I will close 75% @TP1 and monitoring the reaction if $LINK get bouncing will close it all. Negative divergence, harmonic pattern, double tops. All factors encourage shorting. All the best
Am waiting for PRZ to expand my contract a bit after TP1
The full story described….. Stop loss critically if penetrate support zone (3times tested and shows huge volume and quick response to make price reflect) Also tgis trade based on trend line brake out as well anti cypher pattern appear, so if 5mins candle close down the rend line close the trade manually. All the best.
Expecting %78.60 fibo-correction point (C) of wave (AB) @ 48.81 SAR. which meet the bottom of uptrend yellow channel within next week. (Also it is weekly demand zone). Then probably %127.00 fibo-target point (D) of wave (BC) @ 96.68 SAR. which create a perfect hamonic price pattern where the target meet at tge middle of both uptrend yellow-blue channels at the...