Ciao Traders !
The blue box would be the 1,23 - 1,382 extension of the black wave Y based on the length of wave W, intersecting with the 61% retracement of the previous run.
I will personally try a long, because, even if my bias is that BTC will go down in the future, I think I might benefit from a nice bounce.. I will personally ensure that the RSI will make a divergence before jumping in
Happy trading to all !
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
GOLD Requires attention! For short attention spam readers :-p
Comment:
terminology in the chart should have been "expanded flat" :)
Trade active
Comment:
sorry guys, didn't mean to click on trading active..
i am not long BTC yet, unless we reach the indicated blue area and get a reversal sign
i am not long BTC yet, unless we reach the indicated blue area and get a reversal sign