bulls & bears fights ?! No I don't think so, We have bear winner on the stage.
After breaking out with uncomfortable ,volatile, and hard to trade with that liar breaking.
The best option remains to stay out for a while ! But if you are a holder my humble way to take a chance and getting away at the first red zone.
I personally decided to trade the raw signals from the reversal Just got a double top bearish signal, So I'm short toward the previous support area with this little wave as you see.
No pattern needed to be against my chart it's a repeated scenario to correct it's position for this huge pair now as we call before reaching 19k all time high we had't the way to compare except 2013 crash and now we have this by comparing the bearish scenario we are going to make this happen
Little advice: using stop losses not a shame it will prevent you to wait months for bull creating.
Check the last idea about btc 3.06% here below:
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Touching the golden level at 9500$ and to our point (5) Double bottoms..
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Repeated loading
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After Reaching 6012 And not reflecting we can see this happens
Wouldn't wave 4 overlapping wave 1 not invalidate the pattern?
sct19840
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in addition - 1 and 5 cannot be both longer than wave 3... so even if 4 didn't overlap - I would suspect wave 5 to end somewhere around $7300-7400 ( .236 retracement) before reversing.
MohsenCapital
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@sct19840, Thanks for sharing ur visions with me appreciated, but copy the upwards waves from 6000 to 12000 and env it to get the wave that i draw here it's an idea my friend
trade safe