BTCUSDT: previous idea was correct, lets short
- The 4th wave (ABC structure) finished as expected and the market reversed (5th orange wave down)
- We see 1st impulse wave of the 5th orange wave down. It is mostly finished.
- I think the best way to enter the market (short) or to sell assets is to wait for the 2nd wave which should retrace the 1st wave. This zone is marked with blue rectangle.
- The best way to enter the short position or to sell assets is to start laddering between golden ratio (FIB, 0.65) and 0.382 FIB level.
Targets will be defined after the 2nd wave will be finished.
Everything in this idea is my personal opinion and, please, make your own decisions based on your analysis. I just want to share my thoughts and share my experience with all interested part of the TW community.
Have a nice day traders and good luck!
- We see 1st impulse wave of the 5th orange wave down. It is mostly finished.
- I think the best way to enter the market (short) or to sell assets is to wait for the 2nd wave which should retrace the 1st wave. This zone is marked with blue rectangle.
- The best way to enter the short position or to sell assets is to start laddering between golden ratio (FIB, 0.65) and 0.382 FIB level.
Targets will be defined after the 2nd wave will be finished.
Everything in this idea is my personal opinion and, please, make your own decisions based on your analysis. I just want to share my thoughts and share my experience with all interested part of the TW community.
Have a nice day traders and good luck!
