Bitcoin Buy Opportunity

After breaking down from the 6000$ level BTC has completed 5 wave down to test the present yearly low at 3470$ level. I see potential retracement opportunity if not a complete reversal for a possible re-test of 5500$ level.

Detected possible Inverse head and shoulder although many many of this pattern has failed recently. We keep our finger crossed and see how this is develop.

Kindly follow the stop loss advice on the chart.

Possible Entry and exit targets are clearly stated on the chart.

BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS

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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

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The volume is looking good.

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First target achieved, what a fast profit.

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Typical wave count show case a complex correction on BTC, do have the view on the chart. We might have hit citical level on BTC. Fingers crossed.

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All timeframe painting potential reversal

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Second target achieved and at same time price hit wave 3 of the short term count.

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Possible wave structure of the correction

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if price break through 3550 then the next target will be a test on the downside trendline to form possible divergence in the region of 3170$.

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BTC did just as expected.

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Another set target is achieved, price completed the first Inverse head and shoulder. and initiated the second bigger inverse head and shoulder.

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