BTCUSD EWP Wave IV & V Multiple Buy and Sell Targets 19k-23k
The Wave III target was reached and exceeded for
BTCUSD
from my previous idea included in link.
Now expecting Wave IV between ~21,350 to ~20k based on Wave IV being approx. half of Wave II and Wave V from ~20k targetting anywhere from ~22,500 to ~23,350.
Buy levels for Wave IV are ~19,950 and ~19,100 with S/L just below 18,400. These positions will have conservative close targets at ~22,500. These positions may go to ~23,300 but are unlikely to exceed 23,600 based on supply zones from sell offs in early November and mid August.
Opportunity to reverse positions into a sell at these levels with high R/R. Sell positions start at ~22,600 to ~23,300 with S/L above ~23,600 with T/P at ~20,000, ~19,100 with the potential to go far lower to ~17,700 or even ~16,500.
BTCUSD
from my previous idea included in link. Now expecting Wave IV between ~21,350 to ~20k based on Wave IV being approx. half of Wave II and Wave V from ~20k targetting anywhere from ~22,500 to ~23,350.
Buy levels for Wave IV are ~19,950 and ~19,100 with S/L just below 18,400. These positions will have conservative close targets at ~22,500. These positions may go to ~23,300 but are unlikely to exceed 23,600 based on supply zones from sell offs in early November and mid August.
Opportunity to reverse positions into a sell at these levels with high R/R. Sell positions start at ~22,600 to ~23,300 with S/L above ~23,600 with T/P at ~20,000, ~19,100 with the potential to go far lower to ~17,700 or even ~16,500.
Comment:
Wave III was more exuberant than expected and the buy targets were missed but the sell targets from the stated Wave V positions are still valid. Maybe the old Wave III and V is just Wave V and we will see Wave IV from ~23,400 to ~20k. I do expect that a sell from the high we saw at ~23,400 to be good sell
Comment:
*previous Wave III and V become the revised Wave III (not V)
Trade closed: stop reached:
Stop triggered at 23,600
