BITCOIN (BTC) - Bearish Scenario seem inevitable!

Hey Guys,

Welcome to my FIRST EVER published idea.
I am still in learning phase and improving everyday, but there will be long way to get at least to 20% level of other expert traders.
But everybody needs to start somewhere and where better to start than with our Mighty King - BITCOIN! :)

I am huge fan of Elliott Waves Theory and what I am seeing right now with BTCUSDT seems like a typicall example of 5 waves scenario ending 5th wave between 7,360 to 7,130 USDT.

As You can see double confirmation on 0.7860 FIB fits absolutely perfectly.

We will see how the market evolves, but so far this my strategy.

Thank You for Your patience and any kind of comment is warmly welcome!

Have a nice Day and good luck out there!

Marek

تعليق:

Target - 4th wave tip achieved close to .3820 Fib retracement (8.600 USD).
Trading remains active!

تعليق:

Our target for 5th wave completition is still active. BTSUSDT likes to short the 5th wave so I would recommend to watch closely the 61.80% FIB (7 532 USDT) as potential buy zone.
If we go below this than 7250 USDT is next. I am expecting a bounce from here, if not...then see You at 6 900 USDT.

I consider this as short position till we change the long term descending channel.

Thank You for reading and take care!

تعليق:

We´ve just hit our target. All my orders at 7250 are canceled and I am watching the situation.
I will rather buy back at 8 than watch BTC get slaughtered to 6k and lower. :)

Right now, sit a side and watch the development of situation.

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