BITCOIN - Short Term View: BEARISH
4th Wave Has Started, What Does It Mean?
If you wanna see my mid term view on Bitcoin, please read my previous post as it's still valid:
https://steemit.com/bitcoin/@benkalashnikov/3a4qrj-bitcoin-short-term-view-neutral
Correction Targets:
- 4th wave often corrects 0.236 to 0.382 areas
- Most likely that we only hit the 1st target.
- ABC correction with a 1:1 target means we're gonna land right above $7,100 which is where I have most of my buy orders
- Red lines are my orders where I sold and green lines is where I'm looking to enter again.
Alternative
Could also be looking at something like this. Only concern is that some subwaves don't look 3-wave-ish.
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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
Hi Ben. I have been following you trying to learn and looks as though you have been spot on so far. Keep it going.
Hi, thank you! Appreciate the support!