Pattern: Bitcoin can be at the end of its 4th wave and at the start of its 5th wave.
Time: we are near to a time Cluster:
Second wave ERet: 2.00 fib Third wave IRet: 4.00 fib
Momentum: in both Daily and 4H time-frames, DT Oscillator is in Over Bought situation.
There is a possibility of short positioning if there would be a strong BEARISH candle around 40000$ Of course this can be invalidated if 40000$ resistance broke with a strong BULLISH candle which has great volume within it.
Trade active
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in daily chart now can see a candle stick pattern called "evening star" right under 100 and 200 EMA + 40000$ static resistance. based on this sign, you can open a sell position with SL above the 41500$. and your 1st TP = 35000$ and as the 2nd TP you have 32000$.
but be-careful if we are in 5th wave, there is a possibility for Truncation.
thanks for your time guys. Good Luck!
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its going well, you can risk free your trade.
the TPs (1st TP = 35000$ and as the 2nd TP you have 32000$. ) are still possible.
Cheers!
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Bitcoin is going down heavily at the moment. the odds are veryhigh to see another low now. or at least a truncated of a 5th wave.
Cheers.
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this is going well. RISK FREE it if u didnt, hope we get our TPs.
cheers!
Trade closed manually
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Close All Your Trades. Dont Be greedy on this one. hope you all had a nice sell position.