BTC/USDT (4H) Are we loosing momentum ?
Hi Traders,
My previous target (10,3-10,4K) was almost reached, but we ropped below 10K despite FOMO of retail :D.
So right now if BTC will respect rising wedge (Blue lines) we could reach 10,4-10,5K (If C will be 1:1 with A than possible target is 10,8K.)
Right now We have to consider 2 scenarios:
1) Impulse wave from 6,4K was ABC. Its alredy finished or will be in 10,4K (possible 10,7-10,8K if C = A 1:1)
2) Entire impulse wave from 6,4K was 1-2-3 impulse waves and we are still lacing waves 4 (possible 9,2K) and wave 5 (11,6K) = Major resistance (2017-2018 peak line).
Good luck
My previous target (10,3-10,4K) was almost reached, but we ropped below 10K despite FOMO of retail :D.
So right now if BTC will respect rising wedge (Blue lines) we could reach 10,4-10,5K (If C will be 1:1 with A than possible target is 10,8K.)
Right now We have to consider 2 scenarios:
1) Impulse wave from 6,4K was ABC. Its alredy finished or will be in 10,4K (possible 10,7-10,8K if C = A 1:1)
2) Entire impulse wave from 6,4K was 1-2-3 impulse waves and we are still lacing waves 4 (possible 9,2K) and wave 5 (11,6K) = Major resistance (2017-2018 peak line).
Good luck
Comment:
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Hopefully all of you sold on top around 10,4K ??
Seems like there is still a lot of space to fall deeper (8,2K or 7,7K Area) so get out of long positions but short carefully and wait for some confirmation at ôeast on 4H candles. + RSI MACD convergence ;)
Good luck
Seems like there is still a lot of space to fall deeper (8,2K or 7,7K Area) so get out of long positions but short carefully and wait for some confirmation at ôeast on 4H candles. + RSI MACD convergence ;)
Good luck
