BTCUSD: last shorting opportunity at 39 350$ - 39 900$
Hi community, hope everyone is ready for new opportunities. This is the update on the linked idea, which we published yesterday.
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- We now are in the 4th wave (most probably ABC structure), as we finally see 5 waves down in the 3rd wave.
- RSI has 3 ticks in the bottom zone near 30% level.
- We see three upticks on the histogramm on MACD.
- The 4th wave most probably will finish and the market will reverse at the golden ratio zone of the 3rd wave (0.65-0.618 Fib) marked with two orange lines.
- I think so, as according to the EWT theory waves 2 and 4 usually are different, which means if the wave 2 is fast and retraces the 1st wave a lot (up to 0.382 and more, FIB), the 4th wave will retrace less (will stop near the golden ratio) and will last long. And the opposite.
- I expect the market to reverse at 39 350$ - 39 900$
- The reverse zone will be good to increase short positions
Hope you like my idea and will subscribe to my profile here to support me and to get notified about my new ideas. Have a nice day and talk to you soon!
