Lets take a look here. I drew out a few possible scenarios. This is a high risk trade no matter how you look at it. This is one possibility, there is a entirely bearish count that is highlighted in black. Lets see how we do here. Shorts at ATH , DMI showing signs of consolidation. Let's see if we can flip the momentum, were trying.
At your services -LD
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Key level right here ladys and gents...
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I see a potential 5 wave structure. Retrace is due.
I see the (A) (B) (C) up correction move playing out. We smees to have ended with a 3 drive to a bottom at 3555. We should see now some distribution and then at least a 38,2 retrace for the (A) wave.... or possible your green
count could play out from here. Overall have BTC just ended a Bullish Bat harmonic pattern over the last 14 days so some retrace should be in store... (38,2 fib). Happy trading... Nice chart!
Algosbypicasso
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@wallstscalper, thanks mate. lets see what happens here.
count could play out from here. Overall have BTC just ended a Bullish Bat harmonic pattern over the last 14 days so some retrace should be in store... (38,2 fib). Happy trading... Nice chart!