as you may remember i said that i see a flat correction in bitcoin.
there is different scenarios where the 14k top was end of wave 5 or wave 3. in this stage it does not matter.
the only thing that matters we completed a flat correction and now as i have shown you in the chart, started a new impulse wave as wave 1 or A and a 2 or B correction and potentially started the next impulse wave which may be a C wave or 3 or in a larger scope wave 5. so the wise thing to do is that: Long now and put a stop loss just below 61.8% of wave 1. it would be a very very low risk trade.
have fun with this trade
stay tuned
there is different scenarios where the 14k top was end of wave 5 or wave 3. in this stage it does not matter.
the only thing that matters we completed a flat correction and now as i have shown you in the chart, started a new impulse wave as wave 1 or A and a 2 or B correction and potentially started the next impulse wave which may be a C wave or 3 or in a larger scope wave 5. so the wise thing to do is that: Long now and put a stop loss just below 61.8% of wave 1. it would be a very very low risk trade.
have fun with this trade
stay tuned
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zoom in to the 5 min chart. you can see wave 2 is a WXY in which wave X is itself a WXY!
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Risk/Reward Raio is 12.34! this awesome time to trade even a losing one!
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Our stop triggered, but formation is not invalidated.
You can do something like this.
You can do something like this.