My BTCUSD micro EW count
Hi, this is one of my BTCUSD counts, it has a pretty ugly 4th wave of C wave.
At this moment I see us in waves 3-4 of wave 1 of wave 5. Im expecting wave 1 of wave 5 to end between 4000 and 4100.
Please comment, share your thoughts, I am a new trader, feedback always helps.
At this moment I see us in waves 3-4 of wave 1 of wave 5. Im expecting wave 1 of wave 5 to end between 4000 and 4100.
Please comment, share your thoughts, I am a new trader, feedback always helps.
Trade active
So if my count is corret, wave 4 should not break the red line. If it does, this count will be invalidated.However, if it does not break the red line (high of wave 1), I would expect wave 5 of wave iii to be 1:1 (or 1.236) of wave 1 of wave iii since the wave 3 of wave iii is extended. Then i will go for ~1.5% short scalp with R:R 2:1 targeting the 0.382 region.
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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.