Applied wavecount, can be used for BTC. I would place shorts from 6200-6400, to atleast get a retracement down 4800-5000 price level. If that dosnt hold i see it testing the lower trendline at 4000.
Note: Red box marks the short entries.
Note: Red box marks the short entries.
Note
We are approaching important BTC levels: Important levels BTC needs to touch and reject are:
1. 6250
2. 6350
3. 6550
if we get a clear rejection from those levels, it's time to short.
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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.