The trend is bearish on intraday chart, but the pair has reached a support area (completed structure). From a technical point of view, the pair could trigger some technical rebound, and if this happens, we will follow how it will develop.
MONEY MANAGEMENT: If you have taken a short position on the wave (C), take part of the profit, and manage the rest of the position.
WAVE 5 IN DEVELOPMENT
![[BTCUSD] POTENTIAL WAVE 5](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
BEARISH SCENARIO (PART I)
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MONEY MANAGEMENT: If you have taken a short position on the wave (C), take part of the profit, and manage the rest of the position.
WAVE 5 IN DEVELOPMENT
![[BTCUSD] POTENTIAL WAVE 5](https://s3.tradingview.com/c/CIKwi7qT_big.png)
BEARISH SCENARIO (PART I)
![[BTCUSD] BEARISH SCENARIO](https://s3.tradingview.com/z/zk03pPUc_big.png)
If you think this analysis can be useful, leave a your comment or your LIKE!
Thank you for support and trade with care!
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Trend still bearish on intraday chart....
🔔 2024 Forex Long Term Analysis:
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Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
🌐 anonymousbanker.org/
🥇 Crypto Exchange:
🌐 bit.ly/CryptExchange
Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
