Bitcoin. Now time for some correction!
The first officially validated impulsive wave is now about to get corrected a bit.
The 5th wave reached up to 2.618 fib extension level of the 1st wave which is a pretty bullish signal.
For right now, it has bounced on 0.238 level.
People who has missed their bus waiting for $4,000~5,000 can consider their entry position at this correction.
Personally, I don't think it will retrace more than 0.328~0.618 level, but bitcoin has preference of touching the trendline that is now acting as a hard support once again after it breaks out.
My entry (long) position would be around at $7,717, $7,486, and $7,254.
The 5th wave reached up to 2.618 fib extension level of the 1st wave which is a pretty bullish signal.
For right now, it has bounced on 0.238 level.
People who has missed their bus waiting for $4,000~5,000 can consider their entry position at this correction.
Personally, I don't think it will retrace more than 0.328~0.618 level, but bitcoin has preference of touching the trendline that is now acting as a hard support once again after it breaks out.
My entry (long) position would be around at $7,717, $7,486, and $7,254.
토미 라이브 차트 보기: litt.ly/tommytradingtv
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트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
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