Hey guys,
We have been enjoying relief rally since BTC tested out 33k zone, but could this mean all is well for the bull?
Looking closely on the current market structure the current move seems to be correction which may take a form of WXY. So far the first part of W is done and we are heading for X wave.
The idea is to long the bottom zone of X and aiming for Y.
As we all know there are lot of tensions everywhere with the Russia and Ukraine, we should always trade with stop loss in place every time as market can show any unusual movement at any moment.
Thanks
We have been enjoying relief rally since BTC tested out 33k zone, but could this mean all is well for the bull?
Looking closely on the current market structure the current move seems to be correction which may take a form of WXY. So far the first part of W is done and we are heading for X wave.
The idea is to long the bottom zone of X and aiming for Y.
As we all know there are lot of tensions everywhere with the Russia and Ukraine, we should always trade with stop loss in place every time as market can show any unusual movement at any moment.
Thanks
Trade active:
Still expecting more drop towards the entry range.
Trade closed: stop reached
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