Hi all,
Today we saw a strong reversal from BTC after aligning perfectly in our 7000 - 7400 zone.
We've hit 8.8k finding resistance at the top of our prior wave 4, suggesting this could be a corrective A wave.
I am currently looking to long the 8100 - 7800 zone, and shall be placing orders accordingly in this area.
If successful, I hope to close my long taking profit at 9000 and 9300, with extension possible to 9700 IF, and that's a big if, we can blast through these former two resistance points ahead.
Today we saw a strong reversal from BTC after aligning perfectly in our 7000 - 7400 zone.
We've hit 8.8k finding resistance at the top of our prior wave 4, suggesting this could be a corrective A wave.
I am currently looking to long the 8100 - 7800 zone, and shall be placing orders accordingly in this area.
If successful, I hope to close my long taking profit at 9000 and 9300, with extension possible to 9700 IF, and that's a big if, we can blast through these former two resistance points ahead.