BitcoinLong
I might be going long so watch out.
After every indicator from what i saw the last month said BTC was headed lower it looks like simple EW count might be the winner of where we are. Assuming we just finished wave 3 at 1.61 of wave 1 and a possible pull back to .78 at 4617 or .61 at 4400 high are both next support areas, i will be looking to go long at these prices with 5200 to 5500 target price especially if the 4400 is reached. I would expect this wave 4 to be longer and flatter than the sharp drop of wave 2 if this is indeed wave 4. So more patience it looks like which i hate, but we will see I guess.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.