Hi Traders,
Another Quick Idea. COINBASE entered Market in the right time - TO SELL :D... When bitcoin peaked.
So we can see 3 impulsive wave down and right now forming some kind of Triangel or ending diagnal. = possible Wave 4.
Hence I expect One more truncated wave down. Shorter than wave 3. (Wave 3 is never shortest acc. to Elliot Wave rules).
If so, I will look for entry into COIN around 170-190 USD and BTC 23-25K. Wait for RSI convergencies at least at 4H-6H chart. ;)
Trade safe, use stop loss and stick to your strategy. Enjoy the game.
Another Quick Idea. COINBASE entered Market in the right time - TO SELL :D... When bitcoin peaked.
So we can see 3 impulsive wave down and right now forming some kind of Triangel or ending diagnal. = possible Wave 4.
Hence I expect One more truncated wave down. Shorter than wave 3. (Wave 3 is never shortest acc. to Elliot Wave rules).
If so, I will look for entry into COIN around 170-190 USD and BTC 23-25K. Wait for RSI convergencies at least at 4H-6H chart. ;)
Trade safe, use stop loss and stick to your strategy. Enjoy the game.