Bitcoin is ever so close to our LOAD UP Zone.
Our last analysis required a few changes. Instead of a 5 wave move down for wave C, we are seeing a 3 wave move. We are currently in the final legs. Watching for one more move lower before we start loading up.
In the meantime we can take advantage of short term SHORTS.
- Watch for rejection of the channel
- Once rejection appears, enter with stops above the recent highs
- Target the recent lows: 15,500
- Taper positions off as we move lower than 15,500
Once we're below 15500, we'll be looking to BUY Bitcoin. Save this post so you can get updates when the long term buying opportunity comes!
Goodluck and as always, trade safe!
Our last analysis required a few changes. Instead of a 5 wave move down for wave C, we are seeing a 3 wave move. We are currently in the final legs. Watching for one more move lower before we start loading up.
In the meantime we can take advantage of short term SHORTS.
- Watch for rejection of the channel
- Once rejection appears, enter with stops above the recent highs
- Target the recent lows: 15,500
- Taper positions off as we move lower than 15,500
Once we're below 15500, we'll be looking to BUY Bitcoin. Save this post so you can get updates when the long term buying opportunity comes!
Goodluck and as always, trade safe!
Comment:
Bitcoin Weekly
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