BTC has high possibility of a leg up towards 5800$

Market structures look like we are about to reach potential end of possible ABC move on BTC. Series of bearish signal starting to show up on the chart such as Bearish divergence, spotted 3-drive reversal pattern as well with Adam and Eve target been achieved all these signal a strong reversal or a potential retracement incoming.

The core trading ideas will be to focus on all the support level as all are potential Long entry for scalping purpose till we are sure of the next BTC move.

Two things are possible either we have correction and market continue its bullish way or we go another 5 wave down from here.

The post will be timely update as market develop.

TRADE IDEA:

I will look to Long BTC in the range of 5000-5155$ with tight stop loss and aim at 5725-5800$.

Handel aktiv:

This is the post where I talk about Adam and Eve with their target zone well labelled

Kommentera:

Present situation shows bg bearish formation in progress with indicators making Lower Low while the price is heading higher that is a basic weakness on the BTC strength.

Handel aktiv:

Elliot wave perspective of the current market shows we are in possible wave 4-5 with price completed sub wave 1-2-3-4 and we are going for the last leg up which is sub wave 5 of wave 5. I believe after the completion of this leg we will have huge drop.

Handel aktiv:

Hey guys i spotted an opportunity on BTTBTC and this may worth accumulating for a long time investment.

Handel aktiv:

HotBtc approaching strong zone, keep an eyes on it

Handel aktiv:

DENTBTC is having nice pump righ now, I have this coin spotted with a nice entry accumulation zone.

Handel aktiv:

The journey for the last leg up is in progress.

Handel aktiv:

Going as expected. We have immediate resistance towards 57XX area

Trade stängt: målet nått