Al things come to an end (BTC target 6834)
The bears (shorters) amongs us were in heaven yesterday.. Unfortunately i thought we would reach 7522 first before we go down.
Obviously my stop-loss was hit, hit hard ;)
Now we are around 6400 and we need to retrace at some point and i think this point is reached. First stop will be 6664 and if we can extend that wave we will hit 6834.
Afterward we need one more correction wave (target 1: 5861 - target 2: 4879) before we can look up.
I personally think we wont go to 4879, because that will mean we break with a major trend.
Dont forget to like my ideas and follow my channel when you enjoy what i am doing here!
Note: I am not your financial adviser... Just want you to ride along and have fun... NEVER use money that you need for other stuff ;)
Obviously my stop-loss was hit, hit hard ;)
Now we are around 6400 and we need to retrace at some point and i think this point is reached. First stop will be 6664 and if we can extend that wave we will hit 6834.
Afterward we need one more correction wave (target 1: 5861 - target 2: 4879) before we can look up.
I personally think we wont go to 4879, because that will mean we break with a major trend.
Dont forget to like my ideas and follow my channel when you enjoy what i am doing here!
Note: I am not your financial adviser... Just want you to ride along and have fun... NEVER use money that you need for other stuff ;)
Note
BTC is retracing... One more push to reach our first target....Note
As long as we don't pass A (wave) we could still be in B wave....But i also see that the retracement we had could be our B wave.
This could mean we are going down to at least 6195 right now.
So be very careful and use your stop loss....
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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.