BitcoinUpdated 180804 There are a bad news and a good news
There is a bad news:
"We might break down below 7K"
Because we have simple correction in green box area, we have complex correction in current situation (in blue area)
let`s look closer
I know some people might disagree with my counting, but I think it is most reasonable counting
We are forming bullish pattern, and lots of people hope to break up the wedge
But because of my EW counting, I had to give up my long position from $7,318 (anw I could have take some profit cuz my initial target was $7,450, but I gave up)
Instead of long position, I put my short order at top of the wedge and it was perfect(entered $7,540, closed $7,385)
Now I put my short order again to the bottom, I see this situation could be "crab"
Ok then, what is the 'good news'??
Actually I already showed you good news above chart:
This means I see current situation as below:
My counting to go down below 7K might be wrong, but one thing is very simple and clear:
We are very likely to be in the impulse wave, and might never see btc price cheaper than $5,755
So, In current situation, all we have to do is collect as many as btc in cheaper price
plz be patient
"We might break down below 7K"
Because we have simple correction in green box area, we have complex correction in current situation (in blue area)
let`s look closer
I know some people might disagree with my counting, but I think it is most reasonable counting
We are forming bullish pattern, and lots of people hope to break up the wedge
But because of my EW counting, I had to give up my long position from $7,318 (anw I could have take some profit cuz my initial target was $7,450, but I gave up)
Instead of long position, I put my short order at top of the wedge and it was perfect(entered $7,540, closed $7,385)
Now I put my short order again to the bottom, I see this situation could be "crab"
Ok then, what is the 'good news'??
Actually I already showed you good news above chart:
This means I see current situation as below:
My counting to go down below 7K might be wrong, but one thing is very simple and clear:
We are very likely to be in the impulse wave, and might never see btc price cheaper than $5,755
So, In current situation, all we have to do is collect as many as btc in cheaper price
plz be patient
Note
Note
last chance to bounce
I hope we can hodl this $7,130 level
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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.
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.