✅PREVIOUSLY ON BTC The 5 waves have been formed from 28800 to 52945. We have been waiting for the good long entry point because the corrective waves have begun since 52945.
✅ WHERE WE ARE If 42830 is A, we'd have one more bearish wave after B is hit. The good long entry zone is from 40000 to 38023(Fib61.8) It's too high to have a long position as of now. We should be patient to take a long position as low as possible.
*As long as 52945 remains unbroken, this idea is valid.
💡The absolute principle for trading💡 BUY - as low as possible SELL - as high as possible
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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.