Hello, everyone!
Yesterday I closed long trade at the entry just before this dump. It was good decision, but it looks like I missed short again. The reason is the shortened wave 5. I feeled that something is going wrong with this wave, but supposed that it could be the wave 4 represented as a flat corretion.
Now
BTCUSDT
is showing us that it still can be the corretive wave 4 because critical level was not broken, but I think price will do it. Therefore I consider here the shortened wave 5. It means the dump to
23K
has been started and I am going to open short on the potential bounce in wave 2 to 0.61 Fibonacci retracement level.
Best regards, Ivan
_________________________________
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Yesterday I closed long trade at the entry just before this dump. It was good decision, but it looks like I missed short again. The reason is the shortened wave 5. I feeled that something is going wrong with this wave, but supposed that it could be the wave 4 represented as a flat corretion.
Now
BTCUSDT
is showing us that it still can be the corretive wave 4 because critical level was not broken, but I think price will do it. Therefore I consider here the shortened wave 5. It means the dump to
23K
has been started and I am going to open short on the potential bounce in wave 2 to 0.61 Fibonacci retracement level. Best regards, Ivan
_________________________________
🔥Follow me and never miss update🔥
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