Now we have full 5waves down into A and we go up in 3 waves into B.
If we measure wave A and biggest correcting move (4) we have a nice confluence zone at 0.5fib and 1.41 in between waves 1 and 4. It is also our previous high around 9200 so a nice spot to find a resistance here.
If we reach that B target we can go further down to C and we have there another confluence of 1.27 and 0.7 fibs at 8480 - But let's first finish for B wave to form.
After C is done we will have big IV finished and we will try to break previous high over 10k.
Current R:R is poor, better to wait for B wave to finish to short BTC, or after C is done to get long.
Shorting BTC is unethical for me because I am a bitcoin believer.
If we measure wave A and biggest correcting move (4) we have a nice confluence zone at 0.5fib and 1.41 in between waves 1 and 4. It is also our previous high around 9200 so a nice spot to find a resistance here.
If we reach that B target we can go further down to C and we have there another confluence of 1.27 and 0.7 fibs at 8480 - But let's first finish for B wave to form.
After C is done we will have big IV finished and we will try to break previous high over 10k.
Current R:R is poor, better to wait for B wave to finish to short BTC, or after C is done to get long.
Shorting BTC is unethical for me because I am a bitcoin believer.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.