I personally think counting the waves for BTCUSD is extremely difficult currently.
I have updated my wave countings yesterday but I decided to bet on sticking on to my original countings.
The corrective wave has broken the 0.5 level of the wave 1. If it breaks the 0.618 level which is around 10200, we might have to change our whole scenarios and possibly go back to short position. I really hope that doesn't happen.
But before it breaks the 10200 support line, we are still in bullish market and this correction phase is highly normal.
I am pretty sure we are close to the bottom now as we can see that the RSI is around 30.
I have updated my wave countings yesterday but I decided to bet on sticking on to my original countings.
The corrective wave has broken the 0.5 level of the wave 1. If it breaks the 0.618 level which is around 10200, we might have to change our whole scenarios and possibly go back to short position. I really hope that doesn't happen.
But before it breaks the 10200 support line, we are still in bullish market and this correction phase is highly normal.
I am pretty sure we are close to the bottom now as we can see that the RSI is around 30.
Note
Trendline and support/resistance
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.