So in the end, WXY correction that I mentioned in my previous analysis was finished, I thought we may see final push up, but we didn´t.
Amount of longs on bitmex is surprisingly big, so another reason for whales to dump it.
I am in short position (8501 on bitmex), my stop loss is 8601 and take profit target 8050.
Amount of longs on bitmex is surprisingly big, so another reason for whales to dump it.
I am in short position (8501 on bitmex), my stop loss is 8601 and take profit target 8050.
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Wow, so many people are longing now, they are probably catching apparent retracement, but if we will see so many longs at 8050 price, I think we will go even lower.
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LTC/BTC and LTC/USD pairs are on strong supports and they should have finished their correction - that would mean, that btc is also in the final phase of correction - and we can see falling wedge, which is typical for last 5th wave. So bottom could be in or we are very close. I am out of short and I am long.
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No strenght from bulls, wedge doesn´t seem to be valid. I am back in short.
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Well, wedge was legit in the end, luckily I closed my short and once again go long. Now we have so many resistance zones above, but buying volume was very strong. This could easily be bottom and now we could go straight to 11k, but we need much more price action to be at least 70% sure.
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