BTC-USD Perpetual (BINANCE) 08 Jan 2020
Another update to BTC.......some changes I didnt foresee.
In an case, resistance held strong and BTC dumped. Not once but thrice. The third time forced me to rethink the count I had.
Now it seems that BTC is doing and ending diagonal, as shown above.
Final target is around 43,400 based on the fibs. However, wave 5 of a diagonalis weird in that it can truncate of extend beyond the diagonal. So tread carefully.
The final wave should be a 3-3-3 structure, so look for a B retracement for the final wave up. It would come early. Keep those stop losses in.
Lets see if this works out the way I anticipate or not?
In an case, resistance held strong and BTC dumped. Not once but thrice. The third time forced me to rethink the count I had.
Now it seems that BTC is doing and ending diagonal, as shown above.
Final target is around 43,400 based on the fibs. However, wave 5 of a diagonalis weird in that it can truncate of extend beyond the diagonal. So tread carefully.
The final wave should be a 3-3-3 structure, so look for a B retracement for the final wave up. It would come early. Keep those stop losses in.
Lets see if this works out the way I anticipate or not?