Im came to BTC in 2014. all what i can spot here - its an awesome falling. Falling and massacre. So, lets try to repeat this. We still have upside trend, i think - it should lead to 5730 CNY. Then, we should wait for some confirmation and short dem all!
Why im think what this count could be valid?
1) Check google trends. No new ppl incoming. (almost no...
There is dialy count -
Possible trade setup there
About trade setup: So, if you want risk to play this chart, i recommend you to wait local bottom, after confirmation of bottom you should place SL below strong support line, if you playing high leverage you can try to place SL...
Waiting for local retracement, above 112.2
Then going long from breaking resistance from the low timeframes (i'll attach low-frame chart later, as i spot signal for this trade)
1st TP for our roadmap is - 116.2
2nd TP - 117.5
1 still can be not ended yet, i guess, maximum target for its 3052~, so, anyway, we should se 1 week consolidation before we can go up again, but honestly i dont know where it should stops and starting accumulating.
5 wave of bigger 3 or C wave should be above 4250~ CNY hard to say at this moment
By bigger count - here is a question - did we started new...
Patiently waiting here and still keep my shorts. Rejection above our resistance at 2750 should be signal of starting 4th to 5th wave. But i want open counter-trend'ed hedge long just to reduce my risk for my short, if here something wrong. (after breaking 2590)
Today we see end of rally. All ppls who have shorts like since 3000~ CNY safely can hodl now.
For entry - i think now need to wait for retracement, it should be retest of 0.5-0.618 local fib
If we didnt make it - just wait for entry from breakout. We need solid formation here anyway
Here i see few intresting intermediate moves, i think we cant break upside right now, just because not enough bulls trapped yet. Too many ppls also longing on okc futures, thats cant cause rise
So, im waiting for trap first before i can go long.
About downtrend move - RSI modelation succesfully was tested on spring and summer downtrend, i think its...