Long or Short????

BTC is now in a crucial point.Price movement of next few days will decide its destiny.

There are two possible cases
1 ) Bull run upto $28000
2 ) Pullback to $5200

First target $28000 is set by considering the current waves as wave 1 of wave 5

Second target $5200 is set by taking it as the end of wave 5

I'll elaborate this in the next update soon

評論:

A bounce from anywhere above the green line and closing above the top red line will be a strong signal for the first case(BULL RUN)

Close below the green line will be warning for further fall

交易進行:

First support failed to hold..next support is @10275..I'm expecting reversal @9850

評論:

Looks like BTC is heading down..Closed below the green line in 4h chart

評論:

Already a rejection in 1hr chart

評論:

Strong reversal sign in day chart

評論:

A small pullback followed by breakout from the trendline is what I'm expecting now

評論:

we haven't reached the safe zone yet.Need to break the blue lines for confirmation of second scenario.

評論:

Broke the previous support..Next support is @7700

評論:

Good bounce from the support

評論:

Possible reversal to the green($8850) or red line($9800).Yellow line has to be breached for confirmation

評論: