If the current price action is indeed the completed sub wave 2 of leg C then we are expecting a pullback. If the bulls are strong this will most probably be a running flat where price will take off from 9250. The next possibility is a deep pullback to 8015 for an expanded flat. Harmonics crab was observed for a shorting opportunity.
As of now we have to wait for price to give us more information before we can determine the level to load more BTC.
As of now we have to wait for price to give us more information before we can determine the level to load more BTC.
Trade closed: target reached:
Futures short trade target reached, expecting one more move down. Will look at price actions before loading more BTC
Futures short trade target reached, expecting one more move down. Will look at price actions before loading more BTC
Comment:
For now expecting price to range for a while, a deep correction to the upside is also possible so don’t get caught out. Trade your own strategy.
Comment:
Structurally the current wave looks complete and ready to take off, however internal wave count and structure shows that we need one more down move to complete this leg. Do trade your own strategy with care.