BTC Ichi Wave Analysis of Current Action...
It's been quite a while since I've done an update, so here goes.
BTC has been bleeding off, everyone knows this. Where might we find a 'bottom' is the question on everyone's mind. Using the Daily V Wave and 4hr V Wave to calculate targets, we get some good confluence around the 22-23.2k Levels. Unless BTC holds here and regains 36k, that's the area I'll be looking to TP shorts, and possibly hunt a Long Entry.
As always, Have Fun, Be Safe, and Practice Solid Risk Management.
BTC has been bleeding off, everyone knows this. Where might we find a 'bottom' is the question on everyone's mind. Using the Daily V Wave and 4hr V Wave to calculate targets, we get some good confluence around the 22-23.2k Levels. Unless BTC holds here and regains 36k, that's the area I'll be looking to TP shorts, and possibly hunt a Long Entry.
As always, Have Fun, Be Safe, and Practice Solid Risk Management.