In our last Bitcoin analysis, we mentioned that we're on the last bearish wave sequence. We can see that we're in wave 5, subwave 3 now. Subwave 3 has 5 minor waves and we're in minor wave 2 now. Expecting minor wave 3 to break the red trendline and then go on to complete the 3rd subwave around the 15k area.
Trade Idea:
- Watch for break for red trendline to indicate minor wave 3 has started
- Enter with stops above the correctino
- manually taper of positions and count the waves down
We're watching this one closely and will update you!
Goodluck and as always, trade safe!