Bitcoin BTC scenarios 15th of May 2021 Elliott waves count / Fib
Hi guys, it seems my previous scenarios from April played out perfectly.
Bull : jump back to over 65.000$ levels and continue to wave 5 on the macro scale after an extended wave 3 and the ABC correction finishes. For this to be confirmed I think we still need to re-visit the 43.000$ area.
Bear we are currently in the final part of the ABC correction, sub-wave 5. The target is set in the 43.000$ area. Asa general rule in trading, one would not trade wave 5. So no positions for me here, just waiting to see the final outcome. Also check for an oversold RSI before any new trades.
Not financial advice, just for educational purposes.
Bull : jump back to over 65.000$ levels and continue to wave 5 on the macro scale after an extended wave 3 and the ABC correction finishes. For this to be confirmed I think we still need to re-visit the 43.000$ area.
Bear we are currently in the final part of the ABC correction, sub-wave 5. The target is set in the 43.000$ area. Asa general rule in trading, one would not trade wave 5. So no positions for me here, just waiting to see the final outcome. Also check for an oversold RSI before any new trades.
Not financial advice, just for educational purposes.
