in this scenario is an example of an EW correction. a good strategy and a confirmation is neeeded.
in this chart i show EW counting for this possible correct , i could be right and i could be wrong with a good strategy and confirmation , this is very much possible
i dont think there is a real support yet for bitcoin might go down again
alot of people might think that at some point my count was a bit off of the counting rules , but hey ... this is crypto we are talking about
bitcoin in an ending diagonal and might bounce soon. we might see a big and a fast pump soon the stop is there i think its a good risk to reward ratio from the entry
everything is explained on the chart , , where u need to keep your buys or consider buying and when its dangerous to hold buys or consider buying
according to previous price action there is a good possibility that BTC might bounce soon. but buying here is extremely dangerous , waiting for confirmation is a must !
an ending diagonal might be taking place , taking position early in this trade is too risky going to wait for a breakout and some buying power
Btc possible scenario . just my imagination , but it could happen buy level might be around 38700. when ? could be by the end of this month
too risky to hold buys ? too risky to hold buys ? too risky to hold buys ? too risky to hold buys ?
would you buy around 40600 ? would you buy around 40600 ? would you buy around 40600 ? would you buy around 40600 ?
btc, 39700 a good buy ? your decision btc, 39700 a good buy ? your decision btc, 39700 a good buy ? your decision btc, 39700 a good buy ? your decision btc, 39700 a good buy ? your decision
btc bounce soon ?>>> btc bounce soon ?>>> btc bounce soon ?>>> btc bounce soon ?>>> btc bounce soon ?>>>
wait for a breakout from this small diagonal !!!!!!!!!!! !!!!!!!!!!!!!
we might have a reversal and an impulsive wave !!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!
could be a leading diagonal or an ending diagonal , only time can tell whats going on
triangle target is done , whats next ????????? triangle target is done , whats next ????????? triangle target is done , whats next ?????????
might be a good buy chance with a small stop and lets hope for the best