[BTCUSD] POTENTIAL CORRECTIVE STRUCTURE
Good morning Traders!
No change from our point of view, the pair should have completed wave (1) and we expect a corrective structure to complete wave (2). With this in mind, we tried to hypothesize a corrective structure (abc) with TARGET in SELL AREA, because from a technical point of view, it is correct to open short position on the first corrective wave. In conclusion, we can not confirm this technical rebound (the trend is very strong), but if this happens, it should be considered a SELL OPPORTUNITY with a stop above the TOP.
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OUR WAVE ANALYSIS
![[BTCUSD] CORRECTIVE STRUCTURE IN PLAY ?](https://s3.tradingview.com/x/xMjx8Hxc_mid.png)
![[BTCUSD] POTENTIAL SWING](https://s3.tradingview.com/k/KXDp69vs_mid.png)
If you think this analysis can be useful and you want to receive new updates about this idea, leave a your comment or your LIKE!
Thank you for support and trade with care!
No change from our point of view, the pair should have completed wave (1) and we expect a corrective structure to complete wave (2). With this in mind, we tried to hypothesize a corrective structure (abc) with TARGET in SELL AREA, because from a technical point of view, it is correct to open short position on the first corrective wave. In conclusion, we can not confirm this technical rebound (the trend is very strong), but if this happens, it should be considered a SELL OPPORTUNITY with a stop above the TOP.
If you think this analysis can be useful and you want to receive new updates about this idea, leave a your comment or your LIKE!
Thank you for support and trade with care!
OUR WAVE ANALYSIS
If you think this analysis can be useful and you want to receive new updates about this idea, leave a your comment or your LIKE!
Thank you for support and trade with care!
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