I see BTC retracing to the .618 level of the former uptrend, which would be somewhere around 6.9k. After that, I assume that BTC will leave the descending triangle downwards because of a lack of buy volume.
Let´s see how it turns out and be cautious on your way. It´s not easy to predict price right now and these are just some thoughts and possible playouts.
Let´s see how it turns out and be cautious on your way. It´s not easy to predict price right now and these are just some thoughts and possible playouts.
Trade active:
Today, we had a beautiful correction wave 2 down to the .618 level of wave 1. It could be possible that we will test it one more time but we saw, that BTC found support around 6330. This indicates that we soon continue with wave 3 to 6750$.
Comment:
I just saw that I accidentally marked this idea as "short". Sorry guys, I meant "long" of course.
Trade closed: stop reached:
Because of yesterdays action, this count has become invalid!