Current picture on BTC looks like a very good opportunity to enter the market. Actually, I am going in long.
We have wave 1 from 6500 to 9800. Probably, wave 2 has just finished. And we have quite beautiful impuls up: pasteboard.co/HkqgQp3.png
After some correction it will be an opportunity to buy from around 9200 with a stop at 8960 and minimum target at 11700.
There are same impulses today on many other cryptos.
We have wave 1 from 6500 to 9800. Probably, wave 2 has just finished. And we have quite beautiful impuls up: pasteboard.co/HkqgQp3.png
After some correction it will be an opportunity to buy from around 9200 with a stop at 8960 and minimum target at 11700.
There are same impulses today on many other cryptos.
Trade closed: stop reached
I got stop loss at 8970. Initial impuls turned out to be a zig-zag correction: pasteboard.co/HkDpdDB.pngAnd initial model in my opinion extends. No changes in mid term structure and targets: pasteboard.co/HkDqVhE.png
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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.