Small short play, followed by large motivewave upwards
Small increase to 61.8 retracement of wave A. C wave short play down to 100/161.8 extension of wave A, mid 6000s likely with sub 6000s possible. Possible long placing around wave 4 touch point/100/161.8 extension for a big move upwards.
Risk management difficult on how low it could possibly go (THIS ... IS ... CRYPTO!!), ATR on 1W is 800+ and 1D is 495, unlikely to have such a large stop loss wait for wave 2 retracement and confirmation for long at wave 3 and add volume on wave 5 after wave 4 (extrapolation of motivewave up based on support and resistance ).
NOTE - BTCSHORTS look to play their part in wave C and the subsequent motivewave as currently in a usual bounce range.
Comments, Criticisms and Adjustments welcomed :-)
Risk management difficult on how low it could possibly go (THIS ... IS ... CRYPTO!!), ATR on 1W is 800+ and 1D is 495, unlikely to have such a large stop loss wait for wave 2 retracement and confirmation for long at wave 3 and add volume on wave 5 after wave 4 (extrapolation of motivewave up based on support and resistance ).
NOTE - BTCSHORTS look to play their part in wave C and the subsequent motivewave as currently in a usual bounce range.
Comments, Criticisms and Adjustments welcomed :-)
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