1). Typically, 5 Motive Waves go 200% of Wave 1, which is established using Fib.tool levels. 2). The Chart likely needs a pullback correction towards $100K or lower for a long position entry. 3). The US$ appears to have a little steam remaining, which support the deeper ABC Bitcoin correction lower. 4). Always consider where the price is during the Motive sequence, as in this case, it needs to complete a Wave 5, since the bottom of Wave 4 can be an excellent Buy entry! 5). Also, drop charting down to lower time frames for more detail. 6). And of course, the MACD supports my analysis! "Cheers & Good Luck, always!"
Nota
Typically, when price is at the 1.72.8% it's a great time to execute, as in this case take profit and sell the corrective ABC!Nota
The price could actually go to 113 or so to take-out the short position stops, before dropping on the ABC correction!Dagangan aktif
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1). Place Fib tool wherever it works, as theses will be key levels of Buy/Sell entries! 2). Strike a trendline off of whatever works best! 3). Establish a 5-wave/ABC sequence that seems to work! 4). Remember, wave 1 defines directional bias of price action! 5). Wave 5 slightly broke above a previous high, therefore the upward bias is likely still intact! 6). It's all the same price action principles on any timeframe any Instrument! 7). Practice...It's actually quite simple! 7). KEEP IN MIND, WAVE C REMAINS A WILD CARD WITH HOW MUCH IT CAN DROP!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.