zerobounds

BTC high leverage short set up targeting 12.5k, EW Analysis

Short
BITMEX:XBTUSD.P   Bitcoin
Disclaimer: This is not financial advice

High leverage trading is all about entries, you need to have patience and not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. My aim is to capture quick & safe profits, not to predict the future, this is possible only by planning ahead and waiting for a good entry. If you're nervous and itching to open a position then take a few deep breaths and don't trade

We seem to have just completed wave 3 of an impulse that started @10k. This correction may go as low as 12.7k without invalidating the count, next leg up (once this wave 4 is complete) would be targeting the upper line of the channel around 17k (could break upwards). Check chart for full count, trade set up:

Entry 15.2-16k
SL: 16k
TP1: 13k
TP2:12.5k

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