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Dinozabr
Sep 29, 2023 9:12 PM

BTCUSD converging triangle of the 4th Elliott correction wave Short

Bitcoin / United States DollarCoinbase

Description

We observe the possibility of converging triangle of the 4th Elliott correction wave appeared on BTCUSDT chart. We may enter short NOW with the target ~23000.
If the price will break the rules and knock out the stops from above in the area of 27000-28000, it may be good idea to reenter with SL around 29000 and target price 23000.
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