please use risk management market is highly volatile
nothing for sure don't act based on it, i just wanted to hear your thoughts
ask me anything you would like to know, and trade safe with risk management
in depth analysis of bull vs bear scenarios, which side are you betting on bear or bull?
just to stay one step ahead of the market, we have to break and retest the resistance shown above, and if we don't the red arrows show out areas that we will most probably bounce of personally tbh i bought btc on 30K and i am bullish, but its always good to keep an eye out for different scenarios in such days, happy trading
Confirmation is successful retest of trend line as shown, please keep a tight SL market is highly volatile
So guys this is An introduction to Eliot Theory, i was planing for it to be longer but it cut off on its own, tell me if you want to know more about this
lets get the word out
the chart is constantly making lower lows and lower highs i believe if we don't hold current level and break 40K we will visit 27K before going back bullish, as this might be wave 2 if this checks out as true we have maybe 1 year of market left and might visit numbers as high as 250K before this bull run ends, for now i am out of the market closed all deals...
If BTC keeps drooping we will hit 42.5K before going bullish note: if price hits 53.7K before hitting 42.5 C will be 45130, but if we keep drooping c will be equal to 42.5 as shown above, we will start moving up forming a H&S pattern as shown, breaking the trend line retesting with the 4th wave leg, and the ABC of the 5 waves then we will go gradually to our...
so for now we are going up to 0.55 coming back to 0.46-0.43, then going long to 1.16 if we don't hit the blue entry box trade is canceled trade safe and enter at your own risk, this is not a financial advice ENTRY: 0.46-0.43 TP1: 0.94 TP2 1.16 SL: 0.36
we have finished wave A, B and now we have started big C the A from big C is done now we are heading to B (53K) then forming our last dip final C 45130, then we will hit our lovely 100K before this cycle ends brining us back to 22K which i will post about in future, please check my other ideas and press subscribe #LaserRayUntil100K