BitcoinDiupdate BTCUSD 2 possible plans
Hi all,
Here I go with the two options I'm suspecting according to Elliot wave principles.
First scenario: we're somewhere in the beginning of wave 5 of the big light blue cycle, after finishing underwave 2 at a clean 61.8% of yellow wave 1 yesterday.
Second scenario: light blue wave 4 hasn't finished yet, and we are actually somewhere in the C wave of an ABC, which would probably retrace to around $16,600.
I'd rather be in the first scenario, and already longed around the bottom of yellow wave 2. We'll probably make sure within a few hours which way to go. If we happened to be in the second one I placed my stop loss under wave 2, as I don't think it'd break lower than that in the first situation, and plan to buy again at a way cheaper price somewhere under 17k.
Here I go with the two options I'm suspecting according to Elliot wave principles.
First scenario: we're somewhere in the beginning of wave 5 of the big light blue cycle, after finishing underwave 2 at a clean 61.8% of yellow wave 1 yesterday.
Second scenario: light blue wave 4 hasn't finished yet, and we are actually somewhere in the C wave of an ABC, which would probably retrace to around $16,600.
I'd rather be in the first scenario, and already longed around the bottom of yellow wave 2. We'll probably make sure within a few hours which way to go. If we happened to be in the second one I placed my stop loss under wave 2, as I don't think it'd break lower than that in the first situation, and plan to buy again at a way cheaper price somewhere under 17k.
Catatan
Well scenario 1 got rejected. Unless yellow wave 2 would pull back to 76.4% of wave 1 around $17,074? I wouldn't priorize this.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.