BitcoinTelah dikemas kini BTCUSD: target USD 5900 - 6000
Bearish scenario (most likely scenario):
Currently in a fifth wave down (orange) before correcting up. This is part of the bigger Elliot Triple Combo Wave (WXYXZ) since december 2017. RSI Indicator on the 4h and daily chart are not showing any signs of a trend reversal yet, but divergence is starting to form on the 1h and 2h chart. Expecting a bounce @ USD 6000.
Bullish scenario:
There is still a slim chance this is the correction on the first wave up (6 feb - 6k), because we did not retrace 100% yet, although we did pass the fib .768 level.
This scenario is still possible untill we drop below USD 6030.
Best case scenario: The 5th wave happend and we will bounce up from here. Not the most likely scenario, because of lack in volume, and the fib extension numbers not adding up.
Currently in a fifth wave down (orange) before correcting up. This is part of the bigger Elliot Triple Combo Wave (WXYXZ) since december 2017. RSI Indicator on the 4h and daily chart are not showing any signs of a trend reversal yet, but divergence is starting to form on the 1h and 2h chart. Expecting a bounce @ USD 6000.
Bullish scenario:
There is still a slim chance this is the correction on the first wave up (6 feb - 6k), because we did not retrace 100% yet, although we did pass the fib .768 level.
This scenario is still possible untill we drop below USD 6030.
Best case scenario: The 5th wave happend and we will bounce up from here. Not the most likely scenario, because of lack in volume, and the fib extension numbers not adding up.
Nota
Beautifull pump to USD 6800. This is a reminder to always set your stoplosses. In this case I used a stoploss to take profit.
Like I said before, although unlikely, this could be the start of a new impulse wave up, wave 3.
Lets wait and see. Not trading atm.
Nota
Took a short position on USD 6950. Reasoning behind this is:
1. Resistance at 7000-7200
2. The pump earlier today could be seen as subwave 2 of 5 (correction to fib lvl .618), which makes USD < 6000 a very viable target. Will be laddering down and take a long position if this happens.
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.