Bitcoin minor corrective wave targeting near $7840 - $8150 range
Hi to all my new friends, let's get to it! I know many people on here like to pretend like they are wizards and know everything, but I will just keep it real for you. We go based on the data given to us, and adjust as new data comes in.
BITCOIN just went sideways for several hours, not sure what it wanted to do. Based on the current count, I believe we have just finished corrective wave A and B and are now heading to target C in the $7840 - $8150 range. After which, we will resume an impulse wave up, potentially targeting $9600. That is too far away, so we'll keep an eye on that to see how it pans out.
A break above $8717 before hitting target C invalidates this count and signals a bull rally.
If you find my TA useful, please remember to FOLLOW and click LIKE!!!
I will update as soon as I get new confirmations.
BITCOIN just went sideways for several hours, not sure what it wanted to do. Based on the current count, I believe we have just finished corrective wave A and B and are now heading to target C in the $7840 - $8150 range. After which, we will resume an impulse wave up, potentially targeting $9600. That is too far away, so we'll keep an eye on that to see how it pans out.
A break above $8717 before hitting target C invalidates this count and signals a bull rally.
- Short entered $8450 avg fill.
- Stop loss - $8600
- Take profit 1 - $8210 - high probability - Risk/Rewarrd ratio: 1.63
- Take profit 2 - $7950 - medium probability - Risk/Rewarrd ratio: 3.39
If you find my TA useful, please remember to FOLLOW and click LIKE!!!
I will update as soon as I get new confirmations.
Comment:
Stop got triggered, too tight. Reentered Short at $8575
