Lol, This is really interesting spot
As you can see in the main chart, we got rejected in last 12hrs (it was war!!!)
However, bulls managed to defense $6,414 which was end of wave (4)
So, I think it is more likely to go up.
It is very suitable for both "starting of long term uptrend(brown)" and "going to $7.3K first and down to HELL(blue)"
(Of course, I do support blue count, we need to go down more, maybe below $4.8K? :D)
So, I will might put some long like below:
As you can see in the main chart, we got rejected in last 12hrs (it was war!!!)
However, bulls managed to defense $6,414 which was end of wave (4)
So, I think it is more likely to go up.
It is very suitable for both "starting of long term uptrend(brown)" and "going to $7.3K first and down to HELL(blue)"
(Of course, I do support blue count, we need to go down more, maybe below $4.8K? :D)
So, I will might put some long like below:
Note
took some profit and hoping to re-enter at $6,470
Note
re-entered and take profit at $6,480maybe it go down till $6,402 (bitfinex based) which is 0.381 fib lv
than blue counting in main posting must be changed.
Note
Just realized that if I support blue count, it is less likely go down under $6,420so, I opened last long at $6,465(bitmex)
Note
Looks like we already break up
Enjoy long :D
set stop loss at $6,471
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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.