BTC just hit the top of the current falling wedge (blue), which could either be a breakout to the upside or the beginning of a wave 5 (red). Here I add to my previous short position with a tight stop-loss, hoping for a wave 5 down to 3050 (TP).
Trade active:
Top of wave 4 seems reached, so far validating a forming wave 5.
Trade profitable, Stop-Loss changed to No-Loss.
Take-Profit : 50% @3050 and 50% @2950
Stop : @3386 (just above top of wave 4)
Next expected Stop if we keep bearing : @3352 (last lower high)
Trade profitable, Stop-Loss changed to No-Loss.
Take-Profit : 50% @3050 and 50% @2950
Stop : @3386 (just above top of wave 4)
Next expected Stop if we keep bearing : @3352 (last lower high)