Soo this is my primary count for bitcoin, the macd looks bullish but it seems like we are a bit weak, and we have relatively nice form and fit, 2 was fast and 4 was long and prolonged.
Though Elliot waves are up to discretion and to experience to discern, I have very little experience and have only really been buying in the bitcoin bullrun, they are a very good tool for risk management and trend identification.
my plan is 30% of my capital in zone 1 and more as I gain more confidence in the trend.
I will be publishing counts 2 and 3 as well as the clustered count.
If you have a lot of profit to play with trading this complex correction should prepare us for the real run however if you don't chasing the price might lead to a very painful experience.
happy trading
Though Elliot waves are up to discretion and to experience to discern, I have very little experience and have only really been buying in the bitcoin bullrun, they are a very good tool for risk management and trend identification.
my plan is 30% of my capital in zone 1 and more as I gain more confidence in the trend.
I will be publishing counts 2 and 3 as well as the clustered count.
If you have a lot of profit to play with trading this complex correction should prepare us for the real run however if you don't chasing the price might lead to a very painful experience.
happy trading
Trade closed manually:
3 Still has a little bit more to go. taking profits now and setting buys for a break of 4900. settting my profit target to 5000, only a small portion the remainder is set to buy back on the wave 5 of 3 retracement. Refer to my trade management counts
Comment:
The wave 5 was not as big as i suspected I got stopped out