TA:
-First wave done (TL break, divergent)
-2nd wave of the 1st wave break into 5 subwave indicate zigzag formation
-Ideal target of zigzag is 1:1 extension or even deeper retracement
-76.8 retracement to finish of B wave potential
- entry range support with 38.2 and 50 fib retracement and strong structure with ABC zigzag completion
FA:
-nil
TP:
-Potential target is 50% fib retracement of the large correction wave which is 13000 range
-Need more data to estimate the elliott wave count
Conclusion:
-There lot of TA in BTC, as a trader we need to believe in our own system because even trade with elliott wave there so much idea bouncing around. Create your own system, and am bullish for BTC long term.
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve it!
Follow and share if you like my work.
Looking for accountability partner in the trading journey and grow as professional trader.
-First wave done (TL break, divergent)
-2nd wave of the 1st wave break into 5 subwave indicate zigzag formation
-Ideal target of zigzag is 1:1 extension or even deeper retracement
-76.8 retracement to finish of B wave potential
- entry range support with 38.2 and 50 fib retracement and strong structure with ABC zigzag completion
FA:
-nil
TP:
-Potential target is 50% fib retracement of the large correction wave which is 13000 range
-Need more data to estimate the elliott wave count
Conclusion:
-There lot of TA in BTC, as a trader we need to believe in our own system because even trade with elliott wave there so much idea bouncing around. Create your own system, and am bullish for BTC long term.
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve it!
Follow and share if you like my work.
Looking for accountability partner in the trading journey and grow as professional trader.
Comment:
Good sign for retracement! be patient.....
Comment:
Looking good, last subwave of C and entry time!
Trade active:
It seen that we have truncated C wave with 61.8% target and structure support well with trend breakout!!! time to long
Comment:
the c subwave of 2 it a valid ending diagonal, detail as below
