$BTC BTC bearish sequence incomplete – Bear Flag/Bull Trap

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Kamuzzi

if BTC takes out current high ~ 38.9k, look for wave 2 to complete at targets as shown.
S/L just above the 1.618 as shown.
Targets below as well.
wave 3 will be equal leg of wave 1
and wave 4 will be equal leg of wave 2.
target for wave 5 will be determined once 3 and 4 are in place.
avoid being greedy, take profit at target before as market can easily turn if it wants to we are already very oversold and deep down from ATH , however the bearish sequence is still incomplete in cycle II.

You might be interested in …

Trading View March 13, 2022

XMR Long Scalp

XMR Long Scalp Monero / TetherUS PERPETUAL FUTURES BINANCE:XMRUSDTPERP Skywalker-thelastjedi Entry- Market Tp1- tp2 tp3 tp4 Leverage 20x Stop Loss- 176.59

Trading View April 29, 2022

KDA idea

KDA idea Kadena / Tether KUCOIN:KDAUSDT yalmu It might be doing a flat as part of wxy for the higher time frame.. As the Rsi is oversold on the HTF this support the idea of […]

Trading View April 2, 2022

BTC Daily pt 2

BTC Daily pt 2 BTCUSDT Perpetual Contract BYBIT:BTCUSDT Crypto_Fluent BTC daily put in a relatively equal high, giving an impression of resistance, so the shorts will start to pile up and we will likely have […]