BTC Showdown - look for prices to stay above USD9060

Thanks for viewing,

If the wave count of the larger correction over the past few weeks is correct, BTC should stay above $9060. Maybe it goes a wick below that, but any more than that would cause me to cut-loss early below $9060.

IMHO this is a low risk entry point seeking gains that could include new 2019 highs. I will link to my previous post pointing to the larger correction as being complete. There are a number of different wave counts:
- That we are in a deep wave 2 correction of a new 5 wave impulse wave up - bullish+,
- That we are near the end of wave B before wave C up - bullish,
- That we have only seen wave 3 and past of wave 4 of a larger wave (C) correction down - short-term bullish.

I will be looking for a hammer candle upon stopping short of $9060 with good volume. The blue box just denotes where I expect the decline to halt - I don't have loaded laddered orders there.

Please share your opinion and good luck everyone.

Kommentera:

Handel aktiv:

Well, would you look at that! magic!

Order avbruten:

Late update sorry. So it didn't stay above $9060. Now targeting ~$7000