Bitcoin – Turnaround in front?
Hello everyone,
I think the green line will make it in general, the blue in detail, which means that we are in the final impulsive structure downwards to complete the ending diagonal AND the correction!
BUT: I think we are most likely in wave 3, so there are wave 4 and 5 coming, before btc will finally find it’s bottom. The last waves of this huge diagonals are often expanding, so I have set a trading box (yellow). Sorry, but I am not able to be more precisely at the moment.
There is a small chance that btc will end the structure sooner (alt. [v] in the chart), but be careful if btc hits the diagonal, because only when pushing through 6.242$, we can even know if this is the bottom!!! I think we will hit the yellow circle – my opinion (the blue lines).
This is no trading-advice, it’s only my opinion that I want to share with you.
Please leave a comment or a message, if you have any questions!
Take care
tgo
I think the green line will make it in general, the blue in detail, which means that we are in the final impulsive structure downwards to complete the ending diagonal AND the correction!
BUT: I think we are most likely in wave 3, so there are wave 4 and 5 coming, before btc will finally find it’s bottom. The last waves of this huge diagonals are often expanding, so I have set a trading box (yellow). Sorry, but I am not able to be more precisely at the moment.
There is a small chance that btc will end the structure sooner (alt. [v] in the chart), but be careful if btc hits the diagonal, because only when pushing through 6.242$, we can even know if this is the bottom!!! I think we will hit the yellow circle – my opinion (the blue lines).
This is no trading-advice, it’s only my opinion that I want to share with you.
Please leave a comment or a message, if you have any questions!
Take care
tgo
HK-Capital-Management
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