BTCUSD is coming off of a quick dive to $9000. I touched on this potentially forming an Adam and Eve double bottom. I think it could bounce off this 0.618 fib, make a new local high around $13k, then down to $8500-$7k. Long at $10500, short at $13k, long at $8k.
Watch for break above 50 SMA on 1 hour. If we go above dashed line then the Elliot Wave count shown here is invalid.
*NOT TRADING ADVICE ETC.*
Watch for break above 50 SMA on 1 hour. If we go above dashed line then the Elliot Wave count shown here is invalid.
*NOT TRADING ADVICE ETC.*
Comment:
If we break below $10k or the 0.786 fib support I believe we will fall to $8000-$7500.
Trade closed: stop reached
Trade active:
Mistakenly updated, stop was not hit. On target.
Trade closed: target reached:
There we go
