BTC last wave correction (5-c)

٨ أغسطس ٢٠٢٢

Sell: 24680

Stop: 24720

TP: 15000
TP: 10000

٨ أغسطس ٢٠٢٢

ملاحظة

١٨ أغسطس ٢٠٢٢

ملاحظة

You can see that our wave 4 (assumption) is still below 24710. So wave 4 this conbination is still satisfied until now.

Although there was a violation, it was corrected immediately.

١٨ أغسطس ٢٠٢٢

ملاحظة

In case the price level 24710 is strongly breached, and wave 2 (minor - black) does not fall deeper than 23300 (it is usually located at 23100-22800)

Then the elliot wave will probably run to the 30k region in this form.

So you should pay attention to 2 levels:

If price falls below 23300 (early signal 23600) keep short below 20k even 10k with stop 25200

If price closes above 24710. Hold Long to 30k with stop 23300