Following on from our last Bitcoin analysis, we saw a nice breakout. We are now in the impulsive phase (wave 3). Wave 3 has 5 subwaves and we are currently on the 4th subwave which is an ABC wave. This wave shouldn't go beyond wave 1 structure level - gives us a clear invalidation level.
Trade Idea:
- Wave 4 is often an ABC wave
- Watch for breakout
- Invalidation is the wave 1 structure
- Short term targets: 46k, 49k
Goodluck
Trade Idea:
- Wave 4 is often an ABC wave
- Watch for breakout
- Invalidation is the wave 1 structure
- Short term targets: 46k, 49k
Goodluck
