There are 3 possible cases:
Case 1: BTC just finished running wave 1 of wave 5: So we can buy and stop at 29682 on binance future for target 31800 and above.
Case 2: BTC has finished running 5 waves 12345 from the bottom 24800
So we are running wave 3 of the ABC correction.
The bottom of wave 3 can stop at (29600-29900). Wave bottom A may stop at 29000-29190
Wave B top stops at 30400
Corrective wave bottom C stops at 27400
- If BTC goes down (confirm short order) - We wait to sell at 30450
- Then trade on the blue line
Special case: Both of the above cases have a small short order 31200 for a retracement to the middle range (31800-29600).
Case 3: The whole process from 24800 to 31800 was an ABC correction for a decrease of 20,000.
We will update further if the above 2 cases have happened.