Typical ABC correction unfolding - don't be alarmed. We can see the extended trendlines as possible bounce points, but the most important count is for the current Wave C which should have ABCDE within it (EW rules).
Count carefully and begin to ladder in when the D wave is finished. 10250 looks like a good target, but I will re-enter higher or lower depending on the wave count.
Good Luck!
Count carefully and begin to ladder in when the D wave is finished. 10250 looks like a good target, but I will re-enter higher or lower depending on the wave count.
Good Luck!
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B wave looks like a rising wedge - normally bearish. If it breaks down, we could see a longer C wave to 102500 or lower.
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Very Possible BTC is creating a symmetrical triangle pattern. Watching this closely
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Trade Closed, bought back in. For future reference, BTC needs to be tracked using Bitfinex as that chart had a much clearer symmetrical triangle. If I had followed that chart instead of Coinbase I would have bought at the E level. Live and learn
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Possible Bear Flag Fractal on BTC. Placed stops very tight to get out with minimal loss if it happens.