Hi, Guys
Btc is on a downtrend channel ,currently trying to complete the fourth wave of the Elliott Wave,which might bring it up to 10k area.The 20 day ma is crossing over the 50 day ma, which can indicate a short term up movement.The Price currently is bouncing off of the 20 bb ma ,possible short term long position with a stop loss under the 20ma and a target 0f 9k.
The Macd is proving that the Bears are slowly fading,but the 12ma is right above the 26 ma ,keeping an eye on it for it might cross.
My idea would be.
Buy 8.2k
Stop 7.9k
Sell 9k-9.2k
Please Provide your thoughts on this analysis ,I am new this and would like to improve a lot more.
Btc is on a downtrend channel ,currently trying to complete the fourth wave of the Elliott Wave,which might bring it up to 10k area.The 20 day ma is crossing over the 50 day ma, which can indicate a short term up movement.The Price currently is bouncing off of the 20 bb ma ,possible short term long position with a stop loss under the 20ma and a target 0f 9k.
The Macd is proving that the Bears are slowly fading,but the 12ma is right above the 26 ma ,keeping an eye on it for it might cross.
My idea would be.
Buy 8.2k
Stop 7.9k
Sell 9k-9.2k
Please Provide your thoughts on this analysis ,I am new this and would like to improve a lot more.
Trade fechado: objetivo atingido:
So far following thought.