There are 3 possible cases:
Case 1: BTC just finished running wave 1 of wave 5: So we can buy and stop at 29682 on binance future for target 31800 and above.
Case 2: BTC has finished running 5 waves 12345 from the bottom 24800
So we are running wave 3 of the ABC correction.
The bottom of wave 3 can stop at (29600-29900). Wave bottom A may stop at 29000-29190
Wave B top stops at 30400
Corrective wave bottom C stops at 27400
- If BTC goes down (confirm short order) - We wait to sell at 30450
- Then trade on the blue line
Special case: Both of the above cases have a small short order 31200 for a retracement to the middle range (31800-29600).
Case 3: The whole process from 24800 to 31800 was an ABC correction for a decrease of 20,000.
We will update further if the above 2 cases have happened.
Case 1: BTC just finished running wave 1 of wave 5: So we can buy and stop at 29682 on binance future for target 31800 and above.
Case 2: BTC has finished running 5 waves 12345 from the bottom 24800
So we are running wave 3 of the ABC correction.
The bottom of wave 3 can stop at (29600-29900). Wave bottom A may stop at 29000-29190
Wave B top stops at 30400
Corrective wave bottom C stops at 27400
- If BTC goes down (confirm short order) - We wait to sell at 30450
- Then trade on the blue line
Special case: Both of the above cases have a small short order 31200 for a retracement to the middle range (31800-29600).
Case 3: The whole process from 24800 to 31800 was an ABC correction for a decrease of 20,000.
We will update further if the above 2 cases have happened.
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Case 2 active
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Today, when I measure BTC, there is one thing like this.
That is forgetting to subtract 200usd, the price is lower than expected at 29040. So 29800 must subtract 200 = 29600 which is the first correcting wave A peak. Because I originally expected wave 5 to end at 29040. It falls deeper, the correction must be lower
Now we have finished running wave B and we are running wave C.
Wave C can lie anywhere, as long as it doesn't go beyond 360% of wave A. So we'll look for a short from around 31800 to 30000.
The 2 suitable points are 29900 ~and 30400~. I prefer 30450 over 29900.
It's better at this time when people see strong selling signs, then follow the market
That is forgetting to subtract 200usd, the price is lower than expected at 29040. So 29800 must subtract 200 = 29600 which is the first correcting wave A peak. Because I originally expected wave 5 to end at 29040. It falls deeper, the correction must be lower
Now we have finished running wave B and we are running wave C.
Wave C can lie anywhere, as long as it doesn't go beyond 360% of wave A. So we'll look for a short from around 31800 to 30000.
The 2 suitable points are 29900 ~and 30400~. I prefer 30450 over 29900.
It's better at this time when people see strong selling signs, then follow the market
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