If breaks up, I would probably close my shorts in favor of wave (5) to 2100-2400 area. Probably it would be wiser to wait for next low to be sure that it is not false breakout
If breaks down, we could go to 1300- because wave (C) will be some kind of impulse and its (i) wave is large enough.
Currently I accumulate shorts because we're in the top area of triangle so have good prices to short. But be ready to close shorts with tight stop because bull breakout would be huge (if it will)
Personally, I think that larger correction would give btcusd more healthy growth.
If breaks down, we could go to 1300- because wave (C) will be some kind of impulse and its (i) wave is large enough.
Currently I accumulate shorts because we're in the top area of triangle so have good prices to short. But be ready to close shorts with tight stop because bull breakout would be huge (if it will)
Personally, I think that larger correction would give btcusd more healthy growth.
Note
breaked up.
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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.