If it doesn't exceed 32,400, it will continue to be in a short position. Currently, ABC has risen by a 0.5 ratio. It could potentially rise to 0.618 once more, but overall, I still maintain a short perspective. If it goes down, I anticipate that the C wave will decline to 22,000.
The point of a downward trend + a 0.5 interval of overall increase is 23.9k in stock terminology. then 23.9k long
Bitcoin is currently in an 'C' upward trend. Scenario 1: There is a possibility that it may experience a decline again from the most common 1:1 extension length of 27284. Scenario 2: Due to strong selling pressure, it might not reach the 1:1 extension length and could start declining from now on. Scenario 3: As everyone is anticipating further downside, it...
The upward movement in stock price has not concluded yet. It will likely rise up to the minimum 1:1 ratio level of 27,284.
It's important to carefully observe this trendline. 1. If it falls, go long at 29,200. 2. If it falls further, go long at 27,600. 3. If it rises, go short at 29,850. 4. If it rises further, go short at 32,100.
1. 29800 Long 2. 28700 Long 3. 27900 Long Trade with caution. Lower the leverage. The issue can be resolved by purchasing in thirds with a 5x leverage. Why do we liquidate everything at once when the leverage is over 20x? Let's receive feedback for me and grow together by learning patiently.
- I said I would take a short position if B rebounds near 31,000. - Currently, B has rebounded more than expected due to the expansion flat, and now only a drop towards Z remains. - There is a possibility that Z could drop to 28,850, which is 161.8% of the length of W. My perspective remains the same.
-The final Z-wave could be near 28855, which is 161.8% of the length of the W-wave. -The current decline could occur as quickly as today or take up to 5 days to unfold. -Taking into account the possibility of a B rebound up to around 31k, one could consider holding back and potentially shorting near that level.
- There is a high probability that 'c' will decline around 31420, which is the same length as 'a' in a 1:1 ratio. - I will take a short position near 31420.
1. B has surpassed 61.8% and subsequently experienced a decline, indicating the formation of a flat pattern. 2. There is a high probability that C will fall to the length of 1:1 (29500) or 1:1.382 (28900) relative to the length of A.
1. Currently, the completion of a three-wave pattern is evident, and it appears that the correction of the fourth wave is underway. 2. In the ABC correction, the C wave is in progress, and it is anticipated that the final downward wave will begin around 30760. 3. Short position near the 61.8% correction zone around 30760. 4. Long position in the 1:1.13...
I mentioned that if the downward channel is broken and there is an upward movement at this timing, it will likely rise significantly. You can check my previous post for more information. As the third extension of the third wave is currently underway, it is expected to demonstrate the highest level of increase. We anticipate a length of 161.8% (33780) or 261.8%...
- Currently, 4th and 6th exhibit similar situations. -If 27050 is strongly breached, there is a high potential for significant upward movement. -Taking a short position at 26950 and preparing to cut losses when it is breached can be a good strategy.
- I emphasized the importance of this support line. - Furthermore, I mentioned that the probability of a significant decline is high, given that this support line was broken a few days ago. -Please refer to my previous post.
- I have been saying that the support of trend lines corresponding to numbers 1 to 5 would be strong, so this is a good entry point to take a long position. However, I want to warn you not to trust it too much because this support line will likely be broken in the future. - Scenarios like numbers 1, 2, and 4, where the trend line is precisely supported and...
Whether up or down, there is a high probability of a significant price movement breaking through the channel this time. Therefore, chasing trades may be more favorable than counter-trend swing trades this time. If it breaks below 25,400, go short. If it breaks above 27,600, go long. However, it is important not to forget to set a stop-loss immediately if it...
The 24,200 level based on the downward channel is significant, but I have previously mentioned that there is a high probability of a rebound at the 25,300 level. And now, the price has accurately hit that level and is in the midst of a rebound.
We are awaiting 24200 based on the downward channel, but before that, 25300 also presents a high probability of a rebound.