As long as we are trading under 10050$, we're tagging this impulsive move as ''B''.
So 8000-7600$ area should be expected.
ALTERNATIVE SCENARIO;
If it manages to surpass 10050$, then we can consider this move as v of 5 and then we'll have a considerable pullback.
The rational strategy is too wait and stay neutral for 1-2 days.
Watch RSI trendline and volume as a signal.
Careful.
So 8000-7600$ area should be expected.
ALTERNATIVE SCENARIO;
If it manages to surpass 10050$, then we can consider this move as v of 5 and then we'll have a considerable pullback.
The rational strategy is too wait and stay neutral for 1-2 days.
Watch RSI trendline and volume as a signal.
Careful.
Note
Note
Until it's invalited by a broken 10000$, i'm bearish to at least 7800$ level
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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.