BitcoinShort
BTC Fibonacci study and prediction - 3
On the previous idea (2) linked to this, we were tracing the Bitcoin price action to be following a corrective wave down ( white ) and were going through it's second leg ( middle ) on friday.
The second leg further grew into a corrective wave of it's own composed of 3 waves itself ( yellow, blue, yellow ) where it appears we can expect a top around Tuesday @ 2PM.
Although it's possible the price action continues as a third leg up ( dashed blue ) It seems to be that would be unlikely based on the current wave structures.
I'm still standing by the theory that we will see our third leg down ( white dashed ) to the 40k area as soon as current corrective wave ends.
To make sure, instead of selling positions to buy the dip, I'll be scaling down instead.
I hope this comes true and we can all take advantage of the opportunities, stay active!
The second leg further grew into a corrective wave of it's own composed of 3 waves itself ( yellow, blue, yellow ) where it appears we can expect a top around Tuesday @ 2PM.
Although it's possible the price action continues as a third leg up ( dashed blue ) It seems to be that would be unlikely based on the current wave structures.
I'm still standing by the theory that we will see our third leg down ( white dashed ) to the 40k area as soon as current corrective wave ends.
To make sure, instead of selling positions to buy the dip, I'll be scaling down instead.
I hope this comes true and we can all take advantage of the opportunities, stay active!
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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.
Publications connexes
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.