$BTC Aug 22 Setup — Still Bias Long
Elliott Wave read: That drop from 79.5K was three waves, not five. Corrective structure = directional bias stays UP. Only way to count impulsive down is an expanding leading diagonal (rare, like 1% odds). So we hunt longs.
Entry method: SFP (Swing Failure Pattern)
1. Price takes out a key level (fib or pivot)
2. Bounces back above
3. Enter long on that bounce
4. Stop just under the wick
5. Scale out as you see fit
Pure speculation. Not advice. Always stop loss. Risk max 1%.
#casino ℞
Elliott Wave read: That drop from 79.5K was three waves, not five. Corrective structure = directional bias stays UP. Only way to count impulsive down is an expanding leading diagonal (rare, like 1% odds). So we hunt longs.
Entry method: SFP (Swing Failure Pattern)
1. Price takes out a key level (fib or pivot)
2. Bounces back above
3. Enter long on that bounce
4. Stop just under the wick
5. Scale out as you see fit
Pure speculation. Not advice. Always stop loss. Risk max 1%.
#casino ℞