BTC/USDT (4H) - Corrective wave scenario
Hello Traders,
Big part of market starts to be really bullish. BUT there is still (too high to be considered) chance that we are still in (ABC) corrective wave of downtrend ...
If so, the next downward move could take us to double bottom or even below (6400).
Area 9.2-9.4K Will be very important to watch what kind of structure wil be formed by Bitcoin. ;)
PS: Of course I wish Bull market as well, but this must be considered.
Good luck
Big part of market starts to be really bullish. BUT there is still (too high to be considered) chance that we are still in (ABC) corrective wave of downtrend ...
If so, the next downward move could take us to double bottom or even below (6400).
Area 9.2-9.4K Will be very important to watch what kind of structure wil be formed by Bitcoin. ;)
PS: Of course I wish Bull market as well, but this must be considered.
Good luck
Trade active:
Original setup is still possible with condition that we are doing a Fifth wave diagonal as wave (C)
It means (iv) somwhere around 8550-8400; (v) can reach (9100-9400)
;)
It means (iv) somwhere around 8550-8400; (v) can reach (9100-9400)
;)
Trade active:
Seems like free-fall started. First drop to 8.5K could be A wave.
Right now my buy orders are in 8.1-7.5K Zone so lets see if we can reach them
Right now my buy orders are in 8.1-7.5K Zone so lets see if we can reach them
