We see the probability of working out 2 scenarios.
There is a good setup for purchases BTC right now.
Sales should be considered from the limit levels.
Bitcoin purchases are relevant from the level of 8780.
Stop loss level is 8700.
The first profit taking level is 9230.
After successfully building the initial impulse and local price correction, a rally may continue in the direction of 11000.
Short sales Details
BTC sales are relevant from levels 8970-9090.
Stop loss at 9250.
The take profit level is 8250.
Correction in the form of a triangle model is possible
The formation of a large fractal is also possible - the risk of a very rapid decline in prices.
I am looking at this scenario.
Wave B finished.
We're building wave C to finish WAVE (X)!
Then we will fall to finish wave correction (Z) and finally finish wave 2 (COMPLEX)
Continue with your EXCELLENT JOB. God bless your life. Your work be prosperous. THANK YOU!
Please share your thoughts on my recent idea about BTC.
I think the Downward scenario seems more possible on current. Because price was not able to pass through some strong resistances and retraced from those levels. But the upward scenario is still relevant option. In my idea I explain why and give all the details.
Thanks for sharing the idea!
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