$11,700 NEXT? ~ wave 2 (b) of downtrend ($13.4-6) then dump?
-Yurlo
Good afternoon traders & investors in the crypto community. I'm sure there's plenty of new people around this space looking for guidance and direction. A lot of people are saying the dump is going to continue before today's daily close but in my perspective we've just started wave 1 - 5 of the downtrend and are now finding a bottom before heading to retest resistance. Anything above $13,750 for the downtrend wave pattern, or $13,875 would be a clear invalidation zone for this trade idea.
Enjoy your week, I'll provide updates if targets get hit and the next move. (it's all on the chart anyways but visuals on price action updates is nice to see for the mind)
PLAN YOUR TRADE AND TRADE YOUR PLAN 👍
Good afternoon traders & investors in the crypto community. I'm sure there's plenty of new people around this space looking for guidance and direction. A lot of people are saying the dump is going to continue before today's daily close but in my perspective we've just started wave 1 - 5 of the downtrend and are now finding a bottom before heading to retest resistance. Anything above $13,750 for the downtrend wave pattern, or $13,875 would be a clear invalidation zone for this trade idea.
Enjoy your week, I'll provide updates if targets get hit and the next move. (it's all on the chart anyways but visuals on price action updates is nice to see for the mind)
PLAN YOUR TRADE AND TRADE YOUR PLAN 👍
Trade active:
15 minute visuals
15 minute visuals
Trade active:
Trade active:
Wave 2(b) complete
Time for Wave 3 (c) ~
Wave 2(b) complete
Time for Wave 3 (c) ~
Comment:
$12350 will come eventually. It's possible we bounce on ltf but htf tell me continued downside will happen. $13,800 got rejected hard and its a macro level so.