BTC is about to complete a five wave impulse down. It is only missing the last two subwaves. I guessing that wave 5 will reach the bottom of parallel channel around 8200. After five waves, there is a correction. I simply took the 0.382 and 0.618 Fibonacci Retracement.
Trade 1 (short):
Open: 8440
Stop: 8550
Target: 8250
Time Frame: within a day
Trade 2 (Long)
Open: 8250
Stop: 8120
Target: 8580
Time Frame: 1-2 days
Trade 1 (short):
Open: 8440
Stop: 8550
Target: 8250
Time Frame: within a day
Trade 2 (Long)
Open: 8250
Stop: 8120
Target: 8580
Time Frame: 1-2 days
Trade closed manually
20 dollars off
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Related publications
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.