BTC situation, 45k rejection aftermath
Hello traders,
Not gonna lie, yesterday's and today's action was WILD WEST. Hope everyone is doing good. I suggested everyone not to be long nor short, because nobody can predict current movements. I had a hunch that attempts on 45k were going to get rejected, based on previous situations like these I've been in and VOLUME, which was too low.
So, what now.
I don't doubt BTC will reach higher figures this year, but we gotta survive till then, right. Movement from 35k-45k is looking to me as 5 Elliot wave structure which means what's next is an ABC correction (see photo), however it got kinda supported at 43k, with huge wick downwards so maybe we can see another attempt, or go for a B wave and then C wave.
Guys, remember, CASH is a position. It's better to earn nothing when losing nothing then just to gamble around.
Follow me on tradingview and twitter.
Feel free to send me a message if you are curioua about anything.
This is only a suggestion,
Do your own research and learning.
Trade safe,
Trading Informator.
Not gonna lie, yesterday's and today's action was WILD WEST. Hope everyone is doing good. I suggested everyone not to be long nor short, because nobody can predict current movements. I had a hunch that attempts on 45k were going to get rejected, based on previous situations like these I've been in and VOLUME, which was too low.
So, what now.
I don't doubt BTC will reach higher figures this year, but we gotta survive till then, right. Movement from 35k-45k is looking to me as 5 Elliot wave structure which means what's next is an ABC correction (see photo), however it got kinda supported at 43k, with huge wick downwards so maybe we can see another attempt, or go for a B wave and then C wave.
Guys, remember, CASH is a position. It's better to earn nothing when losing nothing then just to gamble around.
Follow me on tradingview and twitter.
Feel free to send me a message if you are curioua about anything.
This is only a suggestion,
Do your own research and learning.
Trade safe,
Trading Informator.
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