From a purely technical approach we have a bearish bias against 18,149 price level. We identified a possible corrective Elliott Wave a-b-c or complex double or triple three pattern unfolding. Based on the premise that we see a down leg/wave in the beginning stages of occuring right now.
Sell Trade @ Market
SL 17,250
Sell @ Market Price est 16,690 via Coinbase
Minimum TP 11,954
Estimated 28% Profit Target Trade
Risk estimated 3.2%
Sell Trade @ Market
SL 17,250
Sell @ Market Price est 16,690 via Coinbase
Minimum TP 11,954
Estimated 28% Profit Target Trade
Risk estimated 3.2%
Trade closed manually:
So the bearish outlook and target is likely going to met however it will just take some readjustments. I am antici Actually I suspect an actual a-b-c Flat occuring off the highs of 19697. The wave b will likely be an irregular flat and be an classic bull trap and shake out some of the dumb-money when they see market price below 10k for a quick moment.
Before that there are pattern annd fibonacci based price resistance possibilities for this 18,000-18,500 that I will include in my chart on other account.
I'll post link to the updated chart on my other account
Before that there are pattern annd fibonacci based price resistance possibilities for this 18,000-18,500 that I will include in my chart on other account.
I'll post link to the updated chart on my other account