Bitcoin - Before the Bottom
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Chase the C leg of ongoing pullback. Its almost always a 5 wave count.
Exit at wave (4) : 11100...11750
Target for wave (5) : 8700
P.S. : Beware that rest of the exchange charts are a little lower than Kraken.
Exit at wave (4) : 11100...11750
Target for wave (5) : 8700
P.S. : Beware that rest of the exchange charts are a little lower than Kraken.
註釋
Wave (4) completed as expected. Sleep in fiat.Wave (5) will be studied again as wave (3) is over-swinged.
註釋
Several unsuccessful attempts to break C leg. Its safe as long as H4 closes below 11832 (0.5 fib). Swing trade options start above that.註釋
Stall on pivot line. As leg (4) swinged higher to (0.382 fib) upcoming leg can be lower than mentioned above.註釋
Bulls are tired and unreliable. Risk/Reward is to high.註釋
註釋
TP @ 11650 --- Profit +1%Too many resistances to tackle with, recent lower leg is damaged but still bearish.
註釋
Bears won for this leg.
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