Here's my initial look off yesterday's low. I'm looking for this 5 wave pattern to play out in somewhat as shown on the chart. However, the low must remain intact. Let's see how it plays out over the coming hours / days.
Comment:
Another updated chart, shows the lines at both the 50% & 61.8% with red arrows, this is the area we need to be pushing up through.
uk.tradingview.com/chart/qOCImni8/
uk.tradingview.com/chart/qOCImni8/
Comment:
Too choppy, no position here, as price is likely to move lower.
Trade active:
Just opened long on BTC at 5132, target $7000+
Comment:
Will update chart once wave iii is complete
Comment:
btc looks very weak right now, no open position, this could slice lower once the sp cash market opens
Comment:
BTC now heading much lower, should take out the previous low. I'm looking to perhaps take a long trade off the 3200 zone, i'd expect to se some sort of bounce of that area, but i'll first see how the price action unfolds, as it could go a lot lower. I plan to have a buy order set around the 1250/1000 as well, you never know if they head right to a near bottom.
Comment:
I'm currently flat with no position here.
uk.tradingview.com/chart/qOCImni8/