BitcoinShort
BTC/USD
The longer drawn out count, ABC, that I had shared on October 1st ended up as the count that filled out. Therefore the probability of a WXY correction is significantly lessened - but it is not impossible for us to see 3 waves to the downside.
It seriously does not get any better than that - to the very candle.
In the short term, I am expecting a retracement to roughly $11,600 - which should make a great short opportunity if you didn't enter at the 1:1. A retracement to $11,900 at the 1.382 is possible as an expanded B wave, but it is significantly less likely.
We will have to wait to see what kind of structure begins to fill out before projecting targets - but we should be able to expect an impulse as either a C wave or a 3rd wave. For a C wave, we should be able to expect at least 10k. However, if this fills out as a 3rd wave, we can expect at least $7,400.
It seriously does not get any better than that - to the very candle.
In the short term, I am expecting a retracement to roughly $11,600 - which should make a great short opportunity if you didn't enter at the 1:1. A retracement to $11,900 at the 1.382 is possible as an expanded B wave, but it is significantly less likely.
We will have to wait to see what kind of structure begins to fill out before projecting targets - but we should be able to expect an impulse as either a C wave or a 3rd wave. For a C wave, we should be able to expect at least 10k. However, if this fills out as a 3rd wave, we can expect at least $7,400.
Related publications
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.
Related publications
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.