The Bear Counts (Short Term)
When it comes to trading there are no certainties. We trade off probabilities only. We look for the highest probability structures, measure the Risk/ Reward, and decide if the trade fit's within your plan(s). It is important to not fall in love with a single count, whether bull or bear. Stay open and build multiple roadmaps(counts) based off the data that the market provides you. Having multiple counts provides you with a back up plan if your primary count fails.
The Waves up of this last move have been pretty ugly and generally when it's ugly it's corrective. So I put together a couple counts here that give us a picture of a short term bear roadmap. Red count has bitcoin working on the 5th Wave of the A Wave. Green count has bitcoin working on the C wave of the Y Wave.
The Waves up of this last move have been pretty ugly and generally when it's ugly it's corrective. So I put together a couple counts here that give us a picture of a short term bear roadmap. Red count has bitcoin working on the 5th Wave of the A Wave. Green count has bitcoin working on the C wave of the Y Wave.
Certified Elliott Wave Analyst - Crypto - Futures - FX
Twitter: twitter.com/HovWaves
Twitter: twitter.com/HovWaves
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