Bitcoin is showing the false breakdown?
Hello, traders!
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
_____________________________________
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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 👍
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