Hello everyone, as you can clearly see bitcoin started developing a downtrend channel and completed the right shoulder of the hs in the b wave count.
I expect bitcoin to go down to atleast 8500 for a health retraction, put your stoplosses between 10200
I expect bitcoin to go down to atleast 8500 for a health retraction, put your stoplosses between 10200
Note
a breakdown occured, move your stop losses to take profit in case price moves up from your current position, we will be ajusting with the market. If this leg down completes again then move again your stop loss, we will be targeting 8500 but keeping our profits safe with a move against us. In case your stop loss profit gets hit don't over trade it , go to rest and next day adjust to the new market scheme.Note
Wave C was the shorter hitting the uptrend resistance line
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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.