BTC 1D - Wolfe Wave Analysis (short term bear, long term bull)

Potential entry level at 6200 with stop-loss at 5100. At the moment this looks slightly bear-ish, but after the completion of the last wave, I expect a break-out with very big momentum. For marking profit, use the green line as guidance.

Komentar:

Should this follow the Wolfe Wave pattern, we're actually expecting wave 5 to go in the trading range outlined above, doing a fake breakout through the support.