Quick update, not much has changed since the 33k low (looks good for now)
Here is a LTF EW count
BTC is in an impulsive move (potential HTF wave 1), we are now correcting in the 4th wave
The 41-42k region is very important in my opinion, probably looking for wave 4 to end in that area, somewhere around next week.
Then target for wave 5 is the major 47-50k area, after which we will have a larger correction (HTF wave 2 in an ABC)
Of course, EW is not a tool you can accurately trade from, also this count could change fairly quickly, so knowing the levels is much more important. They have been shown in my previous ideas.
Today we rejected nicely from the fib golden pocket (pulled from 52k to 33k)
Any questions?
Good luck traders
Remember not to break your rules
Habib
Here is a LTF EW count
BTC is in an impulsive move (potential HTF wave 1), we are now correcting in the 4th wave
The 41-42k region is very important in my opinion, probably looking for wave 4 to end in that area, somewhere around next week.
Then target for wave 5 is the major 47-50k area, after which we will have a larger correction (HTF wave 2 in an ABC)
Of course, EW is not a tool you can accurately trade from, also this count could change fairly quickly, so knowing the levels is much more important. They have been shown in my previous ideas.
Today we rejected nicely from the fib golden pocket (pulled from 52k to 33k)
Any questions?
Good luck traders
Remember not to break your rules
Habib
