Yesterday I told you that dump will continue, so we saw this continuation. The target which I pointed out has not been reached, but now I think that this dump could be ended even earlier.
On the BTC price chart you can see the that the trendline support has been broken down. There are a lot of liquidity below this line. Now it have been collected. I am goind to trade the pointed out Elliott waves structure. I consider that wave C could be ended. I am waiting for the current 4h candle close to confirm my idea with the bullish reversal bar. Only after that I am going to open long trade.
Best regards, Ivan _____________________________________ Subscribe now and never miss an update 👍
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.