Current analysis indicates we are likely working on EW wave 2 higher for $BTC before powerful wave 3 down.


The key question is, HOW DEEP WILL WAVE 2 GO???
In EW theory, Wave 2 most commonly retraces 50 to 61.8% of Wave 1, but it can vary significantly, right up to 100% (but not beyond)
Typically Wave 2 Retraces
38.2% Shallow
50.0% Very common
61.8% Most common
78.6% Deep
88.6% Occasionally in sharp zigzags
So I would look to place #BTC DCA short positions FROM around 50% and add to my positions at further retracements with a stop loss fractionally beyond 100%
BTC-0.31%
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GateUser-4c5f07e5
· 2h ago
good
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