This is my second Elliot Wave study and idea.
Currently BTCUSD is sitting at the bottom of wave two at around $10990. If this is in fact the bottom, then wave 3 is the longest and could take us up to the 1.618 extension (~$22K) of the B to C retrace. There will be ups and downs on the way to the 1.618 fib target. So keep that in mind. So, monitor and protect your trade with a stop-loss.
Good Luck.
**NOTE** I am not an experienced trader. I am an investor learning TA shorts, and swings. So please, take it easy on me.
**DO NOT use my published ideas for making trading decisions.
Recommendations are welcomed.
Again, I am not an experienced trader.
Currently BTCUSD is sitting at the bottom of wave two at around $10990. If this is in fact the bottom, then wave 3 is the longest and could take us up to the 1.618 extension (~$22K) of the B to C retrace. There will be ups and downs on the way to the 1.618 fib target. So keep that in mind. So, monitor and protect your trade with a stop-loss.
Good Luck.
**NOTE** I am not an experienced trader. I am an investor learning TA shorts, and swings. So please, take it easy on me.
**DO NOT use my published ideas for making trading decisions.
Recommendations are welcomed.
Again, I am not an experienced trader.
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Seems correction continued.