Upcoming stop is 27K . been trading BTC based on elliot wave - its making clear leading diagonal . Alot of the classical TA would disagree (due to how the trend is drawn in classica TA vs the leading diagonal rules in elliot ) - however my point of view stands as 27. Close to this range I am personally reducing all my positions, raising SL and waiting for correction which would normally reach .618 fibo - to conclude wave 2. There will be a chance to make some decent profit when we reach the net stop on alts. but need to be careful at that time as it won't be long lived.
As always - not a financial advise.
As always - not a financial advise.
Trade active:
Unfortunately - I have missed that wave 5 could be a truncated wave - reaching higher wave than wave 3 - at 24863. Price has rebounded to 20708 - and continued to extreme fibo .786 level at primary angle 19669 with some wicks. I've loaded on btc at 19600 personally. There is one alternative scenario to Elliot - which I find unlikely marking an additional bottom. I am saving usdt for that zone - should the unlikely scenario that wave 5 hasn't completed yet.
