Phenomenal long opportunity on BTC with a RR of 30.
Can't miss this long, even if it fails, the downside for invalidation is minimal.
TP's at key levels.
ps. THIS WILL STILL HAVE A NEW LOW AFTER TARGET IS REACHED!
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Lets go BTC! We beriebe in youuuu
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Closed the high leverage trade, hit major TP moment. The projected 3 is slightly higher, but the profit is to much to risk going for the max.
Still have lower lev long open for the total ride.
Will enter aggressively again after retracing to a wave 4 bottom.
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First main wave 3 target hit!
Do not forget, commodities often have an EXTENDED wave 5
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Warning: Breaking original projection!
So whats going on? Was this already a 5 wave count? I think trading below the blue trendline from the pitchfork is very bearish for BTC. Once we broke 20820 i knew the TA was off. That's a key level for BTC which should have held for continuation.
Be careful guys, this can get nasty quickly if we don't recover. Specially with CZ & Big Sam stirring it up.
@SwallowPremium, Thnx! originally it was made in log so the channel isn't displayed correctly here. Ill post a new one soon for the correct channeling.This is important because the red line in the center will most likely prove itself as strong resistance or support if we breakthrough and backtest.