KingRogue

Short-term Elliot wave analysis of BTC

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
This trade only become active if BTC closes daily below $21,480.

Point A: Liquidating longs and late shorts in euphoria
Point B: liquidating late shorts and late longs in euphoria

Then we head to point C.

Be careful with where you put your stop loss.


Invalidation: Closing daily above point B.

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.