Tricky situation for BTC 12.10.
First off sorry i didnt post yesterday Tradingview wasnt working in the morning.
Now for our BTC idea, we fullfilled now our white ABC Sequence and hit the light blue Turning Area, from there BTC wasnt able to get a proper correction, resulting in a further dump. Now we are in a for me scary situation i dont wanna take a trade in, im looking to long out of our yellow BC box or the light blue target box, besides that i want to wait this further out.
Can we still see a proper correction to the upside before going for targets? Sure. Am i trading them? No. I would look for a sequence based reentry after the correction.
Now for our BTC idea, we fullfilled now our white ABC Sequence and hit the light blue Turning Area, from there BTC wasnt able to get a proper correction, resulting in a further dump. Now we are in a for me scary situation i dont wanna take a trade in, im looking to long out of our yellow BC box or the light blue target box, besides that i want to wait this further out.
Can we still see a proper correction to the upside before going for targets? Sure. Am i trading them? No. I would look for a sequence based reentry after the correction.
Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial advice—just my perspective. Don't follow blindly; always do your own research. Follow along for some intriguing market insights!