Bitcoin Looking to go for a little correction

Diupdate

After successfully hitting the 1.618 Fib, BTC got rejected both times forming somewhat of a double top. Plus it is also forming a possible Cup and Handle on 1hr timeframe. I am expecting that we are in the correction wave 4 now. I will be looking for a long position in the golden ratio of wave 3 impulsive.

Komentar

So far BTC broke down and is trading near 0.382 fib of wave 3 impulse. This can easily turn into a Cup and Handle along with bottom of impulse wave 5 instead of going to 0.5 fib. So waiting for more PA to decide rather I should take Long here or not. Opened a small amount already on Long incase we bottom out here.

Komentar

syedhamza2135

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