My view on recent BTC free-fall(which was not really) and some possibilities
D-Wave analysis shows completion of down movement at Wave#5 nicely overlayed and matching the Demark ABC down wave however the projection price of 21088 is not met which leaves a possibility for another push down into the blue support zone after
TD-Sequential has completed a full cycle of down movement after the formation of Buy Countdown bar#13. The is a potential for a further push down to 23000 before potential move up
Scenraion#2 for Buy(Conservative):
Wait for the pushdown/ consolidation in the blue support zone and buy at the break of zone boundary upward or failure of the support zone for the move down
Scenraion#1 for Buy:
Buy at break above (Buy Countdown Bar#13 High) potentially to touch TDST Resistance at 47200
BTCUSD
D-Wave analysis shows completion of down movement at Wave#5 nicely overlayed and matching the Demark ABC down wave however the projection price of 21088 is not met which leaves a possibility for another push down into the blue support zone after
TD-Sequential has completed a full cycle of down movement after the formation of Buy Countdown bar#13. The is a potential for a further push down to 23000 before potential move up
Scenraion#2 for Buy(Conservative):
Wait for the pushdown/ consolidation in the blue support zone and buy at the break of zone boundary upward or failure of the support zone for the move down
Scenraion#1 for Buy:
Buy at break above (Buy Countdown Bar#13 High) potentially to touch TDST Resistance at 47200
BTCUSDTrade active
BUY NOWTake Profit 1 - 32 000 USD
Take Profit 2 - 35 000 USD
Take Profit 3 - 48 000 USD
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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.