The Bear Counts (Short Term)

21 мая 2018 г.

When it comes to trading there are no certainties. We trade off probabilities only. We look for the highest probability structures, measure the Risk/ Reward, and decide if the trade fit's within your plan(s). It is important to not fall in love with a single count, whether bull or bear. Stay open and build multiple roadmaps(counts) based off the data that the market provides you. Having multiple counts provides you with a back up plan if your primary count fails.

The Waves up of this last move have been pretty ugly and generally when it's ugly it's corrective. So I put together a couple counts here that give us a picture of a short term bear roadmap. Red count has bitcoin working on the 5th Wave of the A Wave. Green count has bitcoin working on the C wave of the Y Wave.