BTC/USDT (1H) Possible retrace
HI Traders,
So last days were were interesting for BEARs ;) Hopefully you trade safe with stop-loss.
AS chart shows, I expect that we are alredy wery close to end of wave (v) of this impulsive wave which can be marked as 1 or A.
Wave ((iii))=((v)) = 1,618 x ((i))
Because of bearish mindset on all markets Maximum retrace will be most likely around 0.238 or slightly above. (8-8,2K USDT)
Than we probably can expect another impulsive wave DOWN. So stay tuned and always to get best possible RRR.
If you are planning to enter this Long setup, invalidation level is 7K, so use stop-loss below. ;)
Ciao
So last days were were interesting for BEARs ;) Hopefully you trade safe with stop-loss.
AS chart shows, I expect that we are alredy wery close to end of wave (v) of this impulsive wave which can be marked as 1 or A.
Wave ((iii))=((v)) = 1,618 x ((i))
Because of bearish mindset on all markets Maximum retrace will be most likely around 0.238 or slightly above. (8-8,2K USDT)
Than we probably can expect another impulsive wave DOWN. So stay tuned and always to get best possible RRR.
If you are planning to enter this Long setup, invalidation level is 7K, so use stop-loss below. ;)
Ciao
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