BTC/USDT - Approching end of Bull Trap (Wave B)
Hi Traders,
As you can see, the chart of BTC is showing some interesting growth opportunity. So the question is when to take profit and to stay on safe side ?
In my opinion, we are very vclose to end of wave ((c)) of B. Very close to Golden pocket retracement. 0.618-0.65.
Also Price Action is forming some kind of overlaping structure which could be wave (v) of ((c)). Cosisting of 3-3-3-3-3 waves.
So focus on 1-2-4H timeframe and count subwaves.
Bullish scenario - if we cross 52,4K than, BTC can go Higher. This level must be confirmed as support before another growth. SO there will be enough time to enter again.
Trade safe and enjoy the game ;)
As you can see, the chart of BTC is showing some interesting growth opportunity. So the question is when to take profit and to stay on safe side ?
In my opinion, we are very vclose to end of wave ((c)) of B. Very close to Golden pocket retracement. 0.618-0.65.
Also Price Action is forming some kind of overlaping structure which could be wave (v) of ((c)). Cosisting of 3-3-3-3-3 waves.
So focus on 1-2-4H timeframe and count subwaves.
Bullish scenario - if we cross 52,4K than, BTC can go Higher. This level must be confirmed as support before another growth. SO there will be enough time to enter again.
Trade safe and enjoy the game ;)
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