BTC Correction Ended - Upside Price Action Coming!
It looks like wave (5) has ended with a 0.786 extension of wave (1) as all 5 waves have completed in wave (5).
This means that wave (5) was shorter than I initially expected as I was prepared for a drop to 30k.
I have gone long on Ethereum from here as prices should enter an ABC correction to the upside from now.
A conservative target for this long is the end of wave (4) and a stop loss can be placed slightly below the wick at
around 31k.
If you take this trade it is best to buy the coins without leverage and hold them as the price could continue to drop.
My analysis points to higher prices from here but this is crypto and you should always be prepared for large drops at any momemt,
so only invest what you can afford to lose.
(This is not financial advice, you are responsible for any gains or losses you may incur)
GL, have fun!
This means that wave (5) was shorter than I initially expected as I was prepared for a drop to 30k.
I have gone long on Ethereum from here as prices should enter an ABC correction to the upside from now.
A conservative target for this long is the end of wave (4) and a stop loss can be placed slightly below the wick at
around 31k.
If you take this trade it is best to buy the coins without leverage and hold them as the price could continue to drop.
My analysis points to higher prices from here but this is crypto and you should always be prepared for large drops at any momemt,
so only invest what you can afford to lose.
(This is not financial advice, you are responsible for any gains or losses you may incur)
GL, have fun!
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