BTCUSD. Elliot Waves correction pattern. C wave short idea.
C wave short:
Entry level: 17800
Stop-Loss: 18101
TP: 13000
Entry level: 17800
Stop-Loss: 18101
TP: 13000
Note
It's possible that B wave is already complited, keep it in mind.Note
Note
I'm not sure about this, but that the chart i will operate with right now. Also, don't think that E wave will brake green trendline, but it's possible.
Note
Why do i think, that green trendline will hold?Note
However, in May, the ABCDE triangle ended in a protracted fall in wave E, with the breake down from a triangle in wave E (1800 bear trap). Therefore, I admit that after all, we can fall to the level of the previous peak ~ 8000. Although for this price have to break through the trend line, which at the moment is quite critical, and its breakthrough may mean a reversal of the ascending trend. After that, I expect (5) wave up to ~ 24000Note
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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.