So btc finally showed us the X wave
Just Sharing...
Macro look:
weeks to show us the X wave, as I see it, right now we are on the Y wave, this wave might take same time than the W wave (7 months-ich) or even longer
the nature of a wxy correction is complex,
W wave was an easy ABC correction,
X wave was a little more complex,
Then the Y wave is the complex one, so we might not see and easy ABC here.
(I've seen this complex corrections before it can stay into a little range for a long time and then drop heavely)
Right now:
Building wave 1 of Y, we can se range here on wave 4, waitting to drop a little more, maybe to dashed line to finish wave one.
then we would see btc going up building and abc, this would be wave 2.
Remember, wave 2 cannot go further than the begining of wave 1, so invalidation for this scenery is the red line.
Just Sharing...
Macro look:
weeks to show us the X wave, as I see it, right now we are on the Y wave, this wave might take same time than the W wave (7 months-ich) or even longer
the nature of a wxy correction is complex,
W wave was an easy ABC correction,
X wave was a little more complex,
Then the Y wave is the complex one, so we might not see and easy ABC here.
(I've seen this complex corrections before it can stay into a little range for a long time and then drop heavely)
Right now:
Building wave 1 of Y, we can se range here on wave 4, waitting to drop a little more, maybe to dashed line to finish wave one.
then we would see btc going up building and abc, this would be wave 2.
Remember, wave 2 cannot go further than the begining of wave 1, so invalidation for this scenery is the red line.
Trade closed: target reached:
:)
