BTC did not take the new high to 14K as anticipated earlier. It went down and poked the lower end of triangle.
Path 1 (green):
5+3+5 EW, bouncing top and bottom of triangle before we break out and move towards new highs.
Path 2 (purple):
5 (already happened)+3+5 EW, moving to new lows around $7K before racing towards new highs.
Believe that CBOE Long position has a significant importance, but it can turn out to have the opposide affect, and BTC will go down new lows around $3K.
Make sure to have your stops in place.
Path 1 (green):
5+3+5 EW, bouncing top and bottom of triangle before we break out and move towards new highs.
Path 2 (purple):
5 (already happened)+3+5 EW, moving to new lows around $7K before racing towards new highs.
Believe that CBOE Long position has a significant importance, but it can turn out to have the opposide affect, and BTC will go down new lows around $3K.
Make sure to have your stops in place.
Kommentera:
And with EW instead of drawings.
Kommentera:
Looks like that so far...