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Bctusdlong

BTCUSDT ShortAnd last idea is large Crab pattern. In this case D point or PRZ (potential reversal zone) will go above yellow level (and this drop can't be 123 and seeking for 4) because will in that case go in zone of 2 wave. But can be from elliott wave prospective be ABC for W down and this correction making X of WXY. And that can be very bearish case where we looking Y wave down go very deep. One of reason I don't prefer this idea but just to have in back of your mind. REMEMBER all this charts is education only based on harmonic patterns , Elliot waves and Fibonacci.
Short
by CryptoArch_
Updated
BTCUSD LONG Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today : N1: 34164 N2: 33192 Current intraday trend likely DOWN DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME Examples of SL and TP : SL could be @ Fibo level 5.618 (32054) TP could be @ Fibo level 0 (36000) Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
BITSTAMP:BTCUSDLong
by Hi3rophante

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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