Same as my previous idea but taken by phone for convenience
BTC last critical areas + short idea .. I'm looking to tag 22k and wait for the price action .. last area of defence is 21k.
Using wolfe waves and order block .. good short entry
Wave 4 about to complete .. longing BTC here and then shorting around 141% fib for wave 5
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We are targeting 38,300 area for a short position. limit short btc 38,000 and DCA till 38,300 with a stop loss of 38,800. Targets are green coloured and around 35,500 we will flip long.
BTC on the 4hr time frame .. we reached the extended target of wave 5 at 1.618 fib level. we could have a move downward to the green targets in the chart.
overall vision of the current bitcoin situation. A bounce back is expected from 33K, 31K, 29K ..
Waiting for ltc to break and retest 160.2 to long LTC. Targets are green coloured. Follow me for updates.
There is a bearish pattern ( bearish pennant ) on the 1hr frame. Target is yellow coloured. Also Btc is trading below the falling wedge ( orange coloured ) which is also bearish.
ETH/btc is an index for altcoins. Using Wolfe waves, there are another set of bullish waves which are blue coloured with numbers. Target for the 5th wave is 161% fib using AB=CD.
ETH/btc is an index for altcoins. Using Wolfe waves, it shows that that there is we can expect a move upward to the targets in green colours. Stoploss is indicated by a red horizontal line.
Btc bounced from 141% fib from 3 to 4 .. btc will turn bullish if retests 55,300 .. targets will be 58,000 and 59,300 and might extend to the white coloured trend from point 1 to 4. It’s important to hold 53,700 to remain bullish, otherwise might go downward to 52,400.
Key Supports and Resistances for Btc “ index for cryptos “