- It is my opinion that the current upward move is an correction to the upside in a downtrend.
- Candles are now showing signs of reversal at 1:1 A-B ext
- This price level is also a . of the impulse waves. Confluence at key zones with high possibility of reversal.
- $10,178 is 1:1.618 A-B ext. Which may serve as next resistance should the price continue to rise.
- For these reasons, I will not be opening new long positions until we close above all these levels.
*Repost with indicators removed.
But for confirmation, we should wait until a close below $8198.
I hope this post has either made you profit or saved you money.
- BTC: 12L635hTz12ZcwBzdixwKyWYpkpUa5ve8p
- ETH: 0x05f171e02092ce9200779ace56ff1b1411e1ec26
- LTC: LTFr3Jp445vENZUZQopQPoqRgeSyGs36fe
- DOGE wallet: FbpXW9UUuVNyJLEWPvDUvjEUHEpPLLAUJ
And please do pm me so I can thank you for your generosity/ maybe answer a few questions of yours.