BITCOIN-May be a 9 wave triangle in X) or iv)?
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MARKET COMMENTARY:
1. In my previous trade plan i thought it could reach 47K but it broke the previous low 29560.
2. So that is rare to reach what i expected and i said 41K may reach if it is a running flat.
3. Now it looks the price action looks like a nine wave triangle pattern in wave iv) or X) as i shown here.
4. If not, it is a 5 wave triangle then the invalidation zone is 41300.
5. I am not looking for trade here but only if i get a chance i will trade intraday either BUY or SELL
and not to hold this.
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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