BTCUSD is about to start a correction on downward direction after finished ABC as X, reason for this idea is a triangle correction is occurred on wave 4 and as per Elliot waves principle which stated that a triangle correction is the last correction wave before last impulsive wave (5)
another reason also that prices broke the bottom of the last impulsive wave 5
So now since there is no break of top of wave 5 a correction downward is a good idea
Good luck ,
another reason also that prices broke the bottom of the last impulsive wave 5
So now since there is no break of top of wave 5 a correction downward is a good idea
Good luck ,
Trade active
Trade active:
Take profit and shift stop loss to entry
Trade active:
We can take the second profit and the stop loss on entry as mentioned before
Trade closed: target reached