BTC/USD is on the verge of completing its 5th wave of the 5 wave Elliot Wave.
Potential shorting opportunity: watch for breakout of the bearish pennant at $32,800, and make sure you put a tight stop loss.
Target = $24,400 - $20,000 <<<<<---- Also buy zone area
<<<<<This is not financial advise, please always do your own research before taking any risks>>>>>>>>>>
Potential shorting opportunity: watch for breakout of the bearish pennant at $32,800, and make sure you put a tight stop loss.
Target = $24,400 - $20,000 <<<<<---- Also buy zone area
<<<<<This is not financial advise, please always do your own research before taking any risks>>>>>>>>>>
Comment:
Bearish pennant, possible fake out. if price reverse back into the pennant on the 5 min chart, Price will up rapidly rally to $34,400 - $35,500 in the next 10-20mins before making it move to 24-20l region
Bearish pennant, possible fake out. if price reverse back into the pennant on the 5 min chart, Price will up rapidly rally to $34,400 - $35,500 in the next 10-20mins before making it move to 24-20l region
Wyckoff pattern forming on the 5min chart. one more pump to $34,400 - $34,500 before BTC breaks out of the bearish pennant of $32,800