BTCUSD- here's a short term entry as a reward for your patience
For those of you like me who have been out of the market besides some scalp trading. We put in a TEMPORARY bottom here. Why temporary? Because a bottom is not a bottom unless it's been confirmed that the market will sustain that support. It's way too early for that. However, given that the stock market today had an insane unexpected positive reversal, BTC decided to follow suit along with the alts. Volume was through the roof. So here it is:
15 min chart shows Elliot Wave 12345 completed and now we are in ABC corrective wave. Expect the C wave to end around 6800-7000. This should be your entry for the next impulse wave which would take us to around 9k. Tread carefully, another dip must come sooner or later. Don't get caught being greedy.
Entering the market at a time like this is safer than trying to catch the falling knife. People bought BTC at 10k because they emotionally felt it was cheap. Don't do that. Use logic. Wait for safe entries like this one. Fall in love with your MONEY, nothing else.
Thanks!
15 min chart shows Elliot Wave 12345 completed and now we are in ABC corrective wave. Expect the C wave to end around 6800-7000. This should be your entry for the next impulse wave which would take us to around 9k. Tread carefully, another dip must come sooner or later. Don't get caught being greedy.
Entering the market at a time like this is safer than trying to catch the falling knife. People bought BTC at 10k because they emotionally felt it was cheap. Don't do that. Use logic. Wait for safe entries like this one. Fall in love with your MONEY, nothing else.
Thanks!