Like I have mentioned yesterday, we should be watching if Bitcoin will break above $9,200 or not.
I said if it does break above, my wave count becomes invalidated.
Unfortunately, it was heavily resisted and got rejected, and thus my wave counts and targets stand still.
That spot was heavy resistance area also because it is where our down trendline passes (orange line).
Those who understand Elliott wave, we are in sub-sub-wave 5 of sub-wave C of wave 4.
Still, if it goes over 9,200, I will change my count as bullish and have to consider current sub-wave 3 of wave 5.
I should say chances are 50 to 50.
I said if it does break above, my wave count becomes invalidated.
Unfortunately, it was heavily resisted and got rejected, and thus my wave counts and targets stand still.
That spot was heavy resistance area also because it is where our down trendline passes (orange line).
Those who understand Elliott wave, we are in sub-sub-wave 5 of sub-wave C of wave 4.
Still, if it goes over 9,200, I will change my count as bullish and have to consider current sub-wave 3 of wave 5.
I should say chances are 50 to 50.
Note
Bearish divergence showing as well
토미 라이브 차트 보기: litt.ly/tommytradingtv
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
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.
토미 라이브 차트 보기: litt.ly/tommytradingtv
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
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.