If you revert to my larger degree corrective ABC, we started getting a lot of volume at short sellers targets. In other words, someone's makin some money. We have unrealized lower targets but a potential upper target retesting a change in trend. Even if we rip up from here, you can still catch a good trade with a tight stop.
Choose, but choose wisely
--longmoney
Choose, but choose wisely
--longmoney
Comment:
RSI upticking. Possible b wave incoming. Primary count
Comment:
More precision
Comment:
Still with my primary count. We seen our B wave retest our break and encroach upon the 618 at around 9200. Looking for selling pressure to place us in a potential buy zone of 8k-8400. If the symmetry is there ;-)
Comment:
Decluttered for your viewing pleasure
Comment:
Tremendous buying pressure from the bullish side. But my primary count is still favoring the downside. This is the less riskier trade, favoring the count down. But you can not deny the fact that bulls are fighting strong to hold the price at these higher levels.
This is why you stay safe in a 'No Trade Zone' such as this. Even the shorters are staying out. I will post a new Bitcoin chart in a couple days, after this has played out.
This is why you stay safe in a 'No Trade Zone' such as this. Even the shorters are staying out. I will post a new Bitcoin chart in a couple days, after this has played out.
Comment:
No changes to report. Sticking with the original count
Trade closed manually:
New chart tonight