I´m considering Bitcoin´s short term recovery to be a corrective movement. I see two major resistance areas for the end of wave C:
- 32800 (100% A-B extension)
- 36000 (161,8% A-B extension and broken support area)
I was able to get a great entry at 28,965, and will take partial profit in the first level above, and depending of the reaction to 36k I´ll close the trade.
The bad news for those who aren´t in a trade is that we´re very overbought in the H4 timeframe, and there´s quite some room for retracement, so the risk-reward ratio is not favorable at current levels.
- 32800 (100% A-B extension)
- 36000 (161,8% A-B extension and broken support area)
I was able to get a great entry at 28,965, and will take partial profit in the first level above, and depending of the reaction to 36k I´ll close the trade.
The bad news for those who aren´t in a trade is that we´re very overbought in the H4 timeframe, and there´s quite some room for retracement, so the risk-reward ratio is not favorable at current levels.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。