One more down before we resume up only on BTCUSD
Hi guys,
After analyzing yesterday's and today's Price Action I have my doubts about its continued rise. I think the move up is a corrective move and we are putting in a B wave of a larger zig zag with a 5 wave move down from ATH. Putting together my analysis and some fib extension to likely targets I am aiming for the .618 (54700) as first target and the 1 (51500) for the end of the C wave.
Opened up a short with good R:R (6.53).
Will update as price action develops.
Stay safe guys.
After analyzing yesterday's and today's Price Action I have my doubts about its continued rise. I think the move up is a corrective move and we are putting in a B wave of a larger zig zag with a 5 wave move down from ATH. Putting together my analysis and some fib extension to likely targets I am aiming for the .618 (54700) as first target and the 1 (51500) for the end of the C wave.
Opened up a short with good R:R (6.53).
Will update as price action develops.
Stay safe guys.
עסקה פעילה:
Trade still active, price action during the weekends is usually unreliable so lets see where it goes, trade open until stops get hit.
Stay safe
Stay safe
עסקה פעילה:
Took 75% profit at my first target. Still looking for more down to second target, price action is not as bullish as I would expect for up only to resume. Probably a retrace to the Golden Zone of yesterday's dump and resume down to 1:1.
Will look to add a bit more at the GZ with a tight stop in case it keeps running.
Stay safe fam!
Will look to add a bit more at the GZ with a tight stop in case it keeps running.
Stay safe fam!
עסקה סגורה: היעד הושג:
Target reached, looking for longs will post once chart clears up.
Thanks for following, more updates and charts coming.
We are gonna make it Fam.
Thanks for following, more updates and charts coming.
We are gonna make it Fam.