Hi traders, Probably many of you short BTC or at least wait for better buy price.
Right now we need to consider 2 options:
1) Entire move from 6400-10500 were 1-5 impulse wave (or (1) of higher cycle). And we are doing correction - right now ((c)) reached 1.618 extension.
Worst case scenario will be c =2.618 extension == 7600 USDT is axactly connection 2018-2019 bottoms.
2) Entire move from 6400-10500 was A-B-C Correction and we can go much deeper than 6400 USDT.
(Fingers crossed :D, so we can short and buy much cheaper for long term).
- I like this option bit more because of the panic (Coronavirus) on stock / comodity markets.
Share your ideas, trade safe and dont take everything too serious (Its just Flu with different name).
Salut
Right now we need to consider 2 options:
1) Entire move from 6400-10500 were 1-5 impulse wave (or (1) of higher cycle). And we are doing correction - right now ((c)) reached 1.618 extension.
Worst case scenario will be c =2.618 extension == 7600 USDT is axactly connection 2018-2019 bottoms.
2) Entire move from 6400-10500 was A-B-C Correction and we can go much deeper than 6400 USDT.
(Fingers crossed :D, so we can short and buy much cheaper for long term).
- I like this option bit more because of the panic (Coronavirus) on stock / comodity markets.
Share your ideas, trade safe and dont take everything too serious (Its just Flu with different name).
Salut
أغلقت الصفقة: تم الوصول للهدف
Target reached, trade closed. Be carefull. there could be huge dump. Its better to sell BTC and all alts.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.