Long, stop below 27,940 or 28,500 if you want a tighter SL i am risking 3% in this traded, please apply risk management if you are gonna take it !
you can place SL below nearist LL (33.9K) but if we form a double bottom you SL will be triggered ! better to follow the SL i provide and manage you postion size ! i am risking 3% in this trade only !!
we still are not full done correcting but bottom is near !!
i would personally wait for brake of ATH to enter, btc looks bearish ! my secondary count is a flat and c is done, if that is the case i would wait for a higher low after we get rejected from the marked resistance if we get a HL and start pushing up i would buy long
we have 3 scenarios the one in the idea is first this is second topping at near 185K : this is the bearish one: currently i have been sitting in usdt for a couple of days, until i see further conformation price action to confirm our direction! trade with caution ⚠