There is a bad news:
"We might break down below $7K"
Because we have simple correction in green box area, we have complex correction in current situation (in blue area)
let`s look closer
I know some people might disagree with my counting, but I think it is most reasonable counting
We are forming bullish pattern, and lots of people hope to break up the wedge
But because of my EW counting, I had to give up my long position from $7,318 (anw I could have take some profit cuz my initial target was $7,450, but I gave up)
Instead of long position, I put my short order at top of the wedge and it was perfect(entered $7,540, closed $7,385)
Now I put my short order again to the bottom, I see this situation could be "crab"
Ok then, what is the 'good news'??
Actually I already showed you good news above chart:
This means I see current situation as below:
My counting to go down below $7K might be wrong, but one thing is very simple and clear:
We are very likely to be in the impulse wave, and might never see btc price cheaper than $5,755
So, In current situation, all we have to do is collect as many as btc in cheaper price
plz be patient
"We might break down below $7K"
Because we have simple correction in green box area, we have complex correction in current situation (in blue area)
let`s look closer
I know some people might disagree with my counting, but I think it is most reasonable counting
We are forming bullish pattern, and lots of people hope to break up the wedge
But because of my EW counting, I had to give up my long position from $7,318 (anw I could have take some profit cuz my initial target was $7,450, but I gave up)
Instead of long position, I put my short order at top of the wedge and it was perfect(entered $7,540, closed $7,385)
Now I put my short order again to the bottom, I see this situation could be "crab"
Ok then, what is the 'good news'??
Actually I already showed you good news above chart:
This means I see current situation as below:
My counting to go down below $7K might be wrong, but one thing is very simple and clear:
We are very likely to be in the impulse wave, and might never see btc price cheaper than $5,755
So, In current situation, all we have to do is collect as many as btc in cheaper price
plz be patient
Comment:
Comment:
last chance to bounce
I hope we can hodl this $7,130 level
last chance to bounce
I hope we can hodl this $7,130 level