Correction wave looks complete. I've been laddering shorts in the red box. Waiting for next impulse wave down.
Take profit target (green box) for Wave 3 is 1.618 from Wave 1 (5 count) at around $80. Will shed around 25% of the position there.
Count will be invalidated if we close a 4H candle above the yellow line. It will serve as a soft stop-loss.
Good luck and stay safe :)
Disclaimer:
This is not financial advice. Your capital is your own responsibility. I am not responsible for your losses.
Take profit target (green box) for Wave 3 is 1.618 from Wave 1 (5 count) at around $80. Will shed around 25% of the position there.
Count will be invalidated if we close a 4H candle above the yellow line. It will serve as a soft stop-loss.
Good luck and stay safe :)
Disclaimer:
This is not financial advice. Your capital is your own responsibility. I am not responsible for your losses.
Note
If my ideas gave you any insight and you'd like to see more:BTC: 3BMEXi5aP4x1M7uwxSJNx3jRwZociGyYoN
Even a small tip is much appreciated.
I will be posting more crypto TA soon.
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All shorts are filled. The recent wicks still show a bearish picture to me.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.