ponzialchemist

BTC - LTF Corrective

Short
KUCOIN:BTCUSDT   Bitcoin / Tether
Nothing much to say. LTF divergence. Correction over the weekend.
Comment:
Comment:
From the big picture analysis, I deduce this to be the 5th wave of the 3rd wave down to a target of 37k. More inclined to this target before bouncing for the 4th wave and then the final capitulation.
Comment:
Will hold on to this, unless I see a reaction near the earlier target.
Trade closed: target reached

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.