I believe that BTC has a further wave down (and possibly more to follow), however my TA is purely based on what I believe the count to be for now.. I'm mitigating risk throughout with short stop losses and overarching ranges for buys/sells, plus laddering my buys lower down. We don't know what it will do next but can only play this next hand with what we have. Cheers and play safe. R
Trade closed: stop reached:
Impulse down.. bearish town. My stop loss triggered and just woke it to find this BTC going lower then the play for the anticipated sub wave 4..Awaiting bounce to re-evaluate. Hope you stayed safe. Cheers R
Comment:
It was due to sub wave 3 extending to 1.618fib and now normal service resumes. I believe 7.2-7.4k is next after correction of sub wave 4. Cheers, R