BTC Ellliott Wave analysis
This is my primary count for btc, where i believe we are doing a 4 wave, that might form a clear triangle in 1 to 2 days, before going for the 5 wave for the last leg up, the targets that i have put up are a combination of fib extensions and previous resistances/supports, seeing the ichimoku cloud being very flat at the 9k region, and it being a strong psychological number, and right next to a fib extension, if the rsi ends up presenting the bearish divergence that i think it will do, this might be a good time to sell.
as i do think this is a triangle, i recommend waiting for another leg down before buying, so you can have the best risk to reward possible, the stop should be at about 7.8k.
as i do think this is a triangle, i recommend waiting for another leg down before buying, so you can have the best risk to reward possible, the stop should be at about 7.8k.
Trade fermée: ordre d’arrêt atteint
btc hit 7.7k, bellow the 7.8k stop.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.