BTC/USD - Should 8K Not Hold, Target $7300 Short Term

I have decided to post this as a separate idea to keep track of the candle formations in the future.

- This is a 15 min chart.
- In my opinion, we are ready for wave 5 down
- Fib target is $7300

How are you guys/girls counting this if using EWP?
What do you guys/girls think if we don't apply EWP?
Where do you guys/girls think we are in the bigger picture?

Are you guys/girls bullish or bearish for the days to come??

Share your thoughts :)

**Repost with indicators removed

Commentaire:

If btc close above $8600 I will remove all short positions and stay cash until the market shows me a clear direction.

Transaction en cours:

If we reach $7.3K I will add more capital to my long term portfolio - via coinbase.

This will be the buy and forget portion of my portfolio and I will not care if it drops to 5K. I will simply buy more at that time.

*Again, I am not talking about my day trading positions. This buy will be for long term.

Commentaire:

4 & 6 hr chart closed with bullish dogi.
we can potentially long considering 8k resistance of short was met. we can now long with the trend with a tight sl should the 8k resistance cannot be broken.

Trade fermée: cible de profit atteinte:

8K did not hold. Post came to fruition.

Commentaire:

Will update future thoughts on btc as a separate post.
At $7300, I am market neutral.

I am not bearish. Nor am I bullish. I will sit on cash and wait for trend confirmation.

Commentaire:

Should 7K not hold I don't see support until .786 ret @ $5K

Commentaire:

Next few hours is very important.
This is a 30 mins chart and we have an inverted hammer forming.

Stay on the sideline and wait for confirmations. Or else you're gambling on luck, which is an awful strategy.

Commentaire:

Closed red

Commentaire:

Closed with another red.
leaning towards 5K now. Still want clearer confirmation before I enter any positions.

Transaction en cours:

Please refer to this post

Commentaire:

I am still not trading until I see a clear trend.

Commentaire:

shooting star forming as we approach EMA50 on 30 minute chart.
I see no reason to rush in the market. Still waiting for a clear confirmation.

I am not trading today (yet).