Hi everyone,
You should pay attention on BTCUSD everytime when it is hitting to 6k area. We may see longer term rise from this area. So every time when price will hit this price level look for buy for longer term.
How you can trade on this chart.
We are correction which is getting bigger.
1. Watch breakout and buy
2. Let the price hit the bottom then look for buy.
In case if we dont see break up and price retrace back to 100 percent of the previous wave then we will look for longer term buy again from bottom.
This setup will change if price clearly close below the previous low. So stay bullish above the previous low.
If this correction will get much bigger we will identify that and will look for buy again.
Good Luck.
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