In the past weeks i expected a corrective wave 2 which should have brought us to prices under 280$. Obviously this didn't happen and the price moved upwards for the past days.
I spotted a possible impulse structure and expect that we just completed wave 2 and already started the wave 3. The chance/risk ratio is nearly 3.5 and a long entry is possible, upwards there is a potential of +33%!
Please manage your risk especially when you are trading crypto assets, never risk more than 1% of your capital on one bet.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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