BTC/USD - My master count - Impulse? or Correction?
This entire move up could be an impulse and we're finish up wave 3 right now... or this could be a corrective ABC bounce and we're likely finishing the entire move and going for a new bear market low.Theres so many cases for both sides and IDK what to chose. the good thing for me is IF I am right about this. both C and 3 would start falling at the same time... now from there we just need to see if wave 4 falls below wave 1 territory. this would invalidate the impulse 5 wave count as wave 4 can NOT cut into wave 1 territory. This would be a clear indication that we are not in an impulsive 5 wave move (or I just counted this entire thing wrong).
So what do I do from here? I will look to go long at the end of this current YELLOW ABC, this will signify the end of ORANGE wave 4. From there I plan on riding the wave upwards towards the top of ORANGE wave 5.
That will be where I plan to short. (the pa can vary and I will update as time moves on.)
from there, At the top of BLUE wave 3 or BLUE wave C, I will short and watch price action to see if we have a ABC or a 1-5.
thats about it kids. I hope this helped a lot!
please keep in mind this could be wrong and I'm not an expert, but this is what I see happening and this is subject to change as new data develops.
good luck and msg me below if you wanna join my group ;) drop a comment below, Like this post, follow my trades and share this post.
Thanks!!
So what do I do from here? I will look to go long at the end of this current YELLOW ABC, this will signify the end of ORANGE wave 4. From there I plan on riding the wave upwards towards the top of ORANGE wave 5.
That will be where I plan to short. (the pa can vary and I will update as time moves on.)
from there, At the top of BLUE wave 3 or BLUE wave C, I will short and watch price action to see if we have a ABC or a 1-5.
thats about it kids. I hope this helped a lot!
please keep in mind this could be wrong and I'm not an expert, but this is what I see happening and this is subject to change as new data develops.
good luck and msg me below if you wanna join my group ;) drop a comment below, Like this post, follow my trades and share this post.
Thanks!!
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