#BTC performance has been outstanding. But it appears we are close to the top ($9500), if not topped out.
We appear to be in the final wave (green). I wouldn't advice longing the 5th subwave of the 5th subwave (white) of the 5th wave (see linked EW concept)
Zooming in, we may have 1 small legup, but I wouldn't bet on it unless you are playing with a very disciplined stop loss
We appear to be in the final wave (green). I wouldn't advice longing the 5th subwave of the 5th subwave (white) of the 5th wave (see linked EW concept)
Zooming in, we may have 1 small legup, but I wouldn't bet on it unless you are playing with a very disciplined stop loss
Comment:
Hope you were safe and this chart helped you
Comment:
Considering that wave 4 was a running flat, we should be in the 5th wave (white) now
4th wave correction was short-lived & so can the 5th wave, considering that the 3rd wave (white) was extended. Notice how channel median line acted as support and price bounced
$9800 is the 0.618 Fib retracement and also has the resistance line (red) from Mar 2018 and also the channel top
Play Safe!
4th wave correction was short-lived & so can the 5th wave, considering that the 3rd wave (white) was extended. Notice how channel median line acted as support and price bounced
$9800 is the 0.618 Fib retracement and also has the resistance line (red) from Mar 2018 and also the channel top
Play Safe!
