Wave C must start soon so its gonna bring BTC to levels above 6500, confirmation is 6200 closing, you can start building longs now and pyramide above 6250 to be more sure. I warn you this doesn't mean lower levels wont follow, its just a corrective ABC pattern.
Trade active:
We had a lower low at 5985, that doesn't change our ABC scenario, we just moved B at that low, we are in the start of the wave C today, if scenario is valid, a confirmation will come with closing above the 6260!
Order cancelled:
Although the wave B might be still valid counting at the todays low, we will have to cancel this scenario as we didnt want the correction of B to be so deep, stay tuned for the next trading opportunity!
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Ex-bank prop trader,23+yrs experience trading FX and Fixed income. Semi-retired now trading for the fun. Join our YouTube youtube.com/c/Tradingmarkets
Ex-bank prop trader,23+yrs experience trading FX and Fixed income. Semi-retired now trading for the fun. Join our YouTube youtube.com/c/Tradingmarkets