derderwest

4H Short locations or Long TP - EW(BEAR)

Short
BYBIT:BTCUSD   Bitcoin / U.S. Dollar
Here are locations for shorting or taking profit on a long positions

This is my current Elliot Wave scenario for Bears...

SCENARIO: 1 / 2

please see the next idee for SCENARIO: 2 / 2

Comment: Please find my new idea ill post in 5 minutes for the subwave count of the red C wave
Comment: We have potentially found the Top of Cwave (red)

Im still expecting the price to reach the 161 extension for the C wave

if the price goes pasted the 161% then the ABC will be invalidated
Comment: Also if this is the top then the larger wave 2 would of retraced 0.38 which is a good level but for waves 2's i usually expect it too be between the 0.38 and 0.5 that lines up will the 161% for the C wave.
Comment: As soon as this C wave is finished we will be starting a larger C to the downside
Trade closed: target reached: THIS IDEA WORKED OUT WELL

Comments

Good idea, chance to add to shorts ))
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