In the past few months, BTC has formed a terminal impulse wave where w.4 retrace to an area of w.1. I have labeled all the waves in the diagonal line and looks like the bullish cycle has ended. Now according to the rule of a terminal impulse wave, the price should retrace back at least to the start of w.1 of diagonal, and that is ~28958. What is your thought?
Trade closed manually
I closed manually after the price bounced back. Now I'm just waiting for the price to finish (a) bounce back and make (b) and then imma short for CNote
Oh well that's a big drop right there
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.
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.