bags467

BTC Waves Count and Level Support To watch!

BITFINEX:BTCUSD   Bitcoin
This is my count, the last bounce is so bias, so i have not defining it yet. I still wait the daily candle to close.
I think this is not the time for cut loss yet, bet patient is the key.
Another thing is, RSI has not break the support yet.

The Bull Scenario:
IF we hold above 8000 usd, we will see another bounce to test the last resistance 8600.

The Bear Scenario:
The candle close and break the ascending channel.
And my level cutloss is about 7600-7500 usd.

** This count is only suitable for swing trader, not day trader :) thanks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.