XBT can take two paths.
12345 or ABCDE.
For 12345 confirmation, it should break RED line.
For ABCDE, it should break green line.
In 12345, it goes UP from here as wave 3 starts. Pumping can be insane. My target for wave 3 is $8450-$8700.
On the other hand, in ABCDE, it goes DOWN from here. My targets are $7050-$7400-$6900 for CDE.
From there it may pump suddenly or take a small dip to $6700-$6600 and start pumping. ABCDE is a falling wedge. Hence it rises.
Observe that yellow triangle closely.
But in either way, it finally reaches at least $9000.
Preserve your CAPITAL.
12345 or ABCDE.
For 12345 confirmation, it should break RED line.
For ABCDE, it should break green line.
In 12345, it goes UP from here as wave 3 starts. Pumping can be insane. My target for wave 3 is $8450-$8700.
On the other hand, in ABCDE, it goes DOWN from here. My targets are $7050-$7400-$6900 for CDE.
From there it may pump suddenly or take a small dip to $6700-$6600 and start pumping. ABCDE is a falling wedge. Hence it rises.
Observe that yellow triangle closely.
But in either way, it finally reaches at least $9000.
Preserve your CAPITAL.
Comment:
Seems like it took the bearish path
Comment:
Target C reached
