DrJLT

Bitcoin new wave count

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BITFINEX:BTCUSD   Bitcoin
It appears that what I thought was Wave 2 was only the Wave A of Wave 2. We had an almost flat correction (23.6%).

Due to this, the later targets are moved slightly.

Will 7.8k be a support?

Why will it be a support? Because the last pump just happened to stop there? I think the market is oversold but the Long's SLs will cause a crash from 7.8 soon.

For the original wave count, see the two linked posts.
Komen:
this thing crashes so fast without any bounce

tbh, haven't managed to open a short position

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.