At the moment, the price of bitcoin has recovered above $20k.
In my main version, there are 2 scenarios: the price growth can continue after the correction of the current local impulse, or after updating the previously minimum price level.
In general, the wave structure allows to plan almost risk-free trading operations.
If consider the option with the end of the decline and continued growth within the current growth dynamics, then we should monitor the correction and price reaction in the range of $20.5k-19k.
If the local trend is strong enough, it is worth planning long position on the new growth impulse in the 2 wave of wave 3 in the specified price range.
If the sales will be strong, there is a high probability of updating the minimum price level, where it is also worth considering buying near $17k-16,3k.
As in the past - I expect the beginning of a bullish rally, the strength of which will be determined by the development of positive or negative sentiment.
Best regards,
CEO Tornado Capital
In my main version, there are 2 scenarios: the price growth can continue after the correction of the current local impulse, or after updating the previously minimum price level.
In general, the wave structure allows to plan almost risk-free trading operations.
If consider the option with the end of the decline and continued growth within the current growth dynamics, then we should monitor the correction and price reaction in the range of $20.5k-19k.
If the local trend is strong enough, it is worth planning long position on the new growth impulse in the 2 wave of wave 3 in the specified price range.
If the sales will be strong, there is a high probability of updating the minimum price level, where it is also worth considering buying near $17k-16,3k.
As in the past - I expect the beginning of a bullish rally, the strength of which will be determined by the development of positive or negative sentiment.
Best regards,
CEO Tornado Capital
