BTC (4h) - Poor Outlook for Midterm ?
Hi Traders,
as you probably noticed BTC is still holding inside of Bearflag (Corrective abc channel = 33 to 48k).
Right now approaching the bottom line we are most likely forming some kind of First wave leading diagonal as wave (i) oif C wave DOWN.
4H Timeframe is showing some strength of BUllS. at least for small retrace = 0:238 where Bears could take chance to open more Shorts.
It means 39,2-40K is main resistance zone which should hold and we can open shorts. Otherwise need to reevaluate EWcount.
Lets see how this goes.
Trade safe, use stop-loss ;)
as you probably noticed BTC is still holding inside of Bearflag (Corrective abc channel = 33 to 48k).
Right now approaching the bottom line we are most likely forming some kind of First wave leading diagonal as wave (i) oif C wave DOWN.
4H Timeframe is showing some strength of BUllS. at least for small retrace = 0:238 where Bears could take chance to open more Shorts.
It means 39,2-40K is main resistance zone which should hold and we can open shorts. Otherwise need to reevaluate EWcount.
Lets see how this goes.
Trade safe, use stop-loss ;)
Penafian
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