theansweris42

High Probability Bounce Zone

Long
COINBASE:BTCGBP   Bitcoin / British Pound
My current high probability bounce zone is somewhere in the box. I'm using box-entry as an eyes-on trigger. I don't intend to open a long position until I see a wave 1 candidate materialise in that zone (see bottom left for the previous)..

Justification for box bounds:
(i) Intersection of base and deceleration channels
(ii) wave A-B length parity confluence
(iii) min 50% retracement
(iv) max 78.6% retracement (considering market exuberance)
(v) Christmas insobriety ???