BTC falling for the whole month of Jan till present on wave C of 4th correctional wave. We are witnessing the Panic and fear only the characteristic of this ongoing wave which are normal human behaviour and reactions. When most people selling and trying to save what has left of their balance, traders buy and take their long positions . To hunt for the bottom could be costly, knowing this we should start taking positions starting 5.1k level and if BTC drops lower just add to the position .
This is the opportunity which is not going to happen any time soon, no one knows what markets bring us next, but one thing is for sure BTC will go over the top after this correction !!
This is clearly ABC correction and we are going to have confirmations for it's completion once we enter the wave A territory and 10.8k & 13.1k levels and then eventually going over the wave B which is the last confirmation for wave C completion.
This is the opportunity which is not going to happen any time soon, no one knows what markets bring us next, but one thing is for sure BTC will go over the top after this correction !!
This is clearly ABC correction and we are going to have confirmations for it's completion once we enter the wave A territory and 10.8k & 13.1k levels and then eventually going over the wave B which is the last confirmation for wave C completion.
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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.