✅PREVIOUSLY ON BTC
We had the crash after 64899,
Then BTC was received at 28800.
And we needed to be patient to buy on the last idea.
✅ WHERE WE ARE
Drawing the parallel channel(19891- 64899) and put the lower line at 28800, we can see at which points the price reacted.
We had a strong 3rd wave after 29301, then at 50505, the bullish movement was rejected. The upper trend line has worked well as you can see.
Because the wave from 29301 to 50505 can be counted as 9 waves, so we might face the strong drop. Once 46315 is broken, the strong drop can be expected.
We must wait for green(4) to buy which would be around 42405-37401(Fib38.2-61.8). It's too high to buy at the moment.
(0)...28800
(1)...36675
(2)...29301
(3)...50505
(4)...<-BEGINNING OF THE NEXT BULLISH IMPULSE
(5)... above 64899
*As long as 50505 remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
We had the crash after 64899,
Then BTC was received at 28800.
And we needed to be patient to buy on the last idea.
✅ WHERE WE ARE
Drawing the parallel channel(19891- 64899) and put the lower line at 28800, we can see at which points the price reacted.
We had a strong 3rd wave after 29301, then at 50505, the bullish movement was rejected. The upper trend line has worked well as you can see.
Because the wave from 29301 to 50505 can be counted as 9 waves, so we might face the strong drop. Once 46315 is broken, the strong drop can be expected.
We must wait for green(4) to buy which would be around 42405-37401(Fib38.2-61.8). It's too high to buy at the moment.
(0)...28800
(1)...36675
(2)...29301
(3)...50505
(4)...<-BEGINNING OF THE NEXT BULLISH IMPULSE
(5)... above 64899
*As long as 50505 remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
