It Has Never Been A Crash. This is just a normal phase of the market, impulse - correction - impulse. If it breaks the trend line, go long
To The Left Impulse & To The Right, Three Wave Correction. If you look on the 4 Hour We Have An Early Setup. I'm Going Long Now! For Safer Entry Wait For Break & Flag Back To Structure!
This Is Only A Signal You Can Take If Occurs, BTC Can Still Keep Going Up. If It Makes An Impulse Down & Makes A Correction There's A High Probability Trade Down!
Wait For The Break, Then The Pullback. Long Term This Will Continue Up, It's Currently In A Correction On The Higher Time Frames, Although May Have One More Move Down
If you look at the weekly you can see we are in a correction and still haven't come close to completing it, but there is a trade to the upside just based on this correction. the white dotted line marks the impulse high! normally in corrections they come to test this high and reverse!
All this really is, is a long term impulse & correction, most likely will get a move down, before going back up.
At the moment we are in the development of a corrective structure in the bigger picture, if you look to the left there's a major impulse, this is a just the correction of that impulse although still has a good trade within it!
Im going short now, ABC Correction + Made a Flag right above the trendline which is more confirmation.
This is only a correction for the larger time frames! yet still trade able. It's only valid if it breaks the structure... I think there's still one more move upwards before breaking!
It can either continue up (Most Likely) or it can develop into a correction which then may get you into a nice trade to the downside. Trade both ways!
We have broken the correction and a pullback back to that structure has happen, start looking to buy from here.
I've Entered The Trade Already, Entering At This Comes With More Risk But Increases Your Reward. If You Want To Play It Safe Wait For The Breakout Then A Correction On A Smaller Time Frame
Great Trade Available, We can see the impulse to the left and correction that may have be completed. we can't just jump into the trade immediately we need to watch this impulse that broke out of the C Wave corrective structure to make a pullback and then we have a solid buy opportunity, do not miss out on this trade! i'll post entries below in the comments when...
Only Enter If It Breaks! It's not a valid setup! Personally I Would Wait For The Daily To Close Over. Exit The Trade As We Reach That High! Good Luck!
Wait For The Breakout! Only Risk 2 - 3 % Of Capital Per Trade!