Hey there...after few days watching
BTCUSD
we can see the market very calm last hours. And in this case, we have some confusion about where this is going to go. Ussually when you dont know where you are, is because you are into an elliott wave 4, or a triangle.
Right now, i imagine a descending triangle formation, doing right now the C wave to 7300/7400, then again a new approach to 6600/6700, finally another try to 7100 zone, to break out down to do the final and new low for
BTCUSD
Where do we wait it? 5700/5500, and with low probability in 4500 zone.
How we will operate this?
I will try a short in the final wave (E), in zone of 7100.
Then we will place buy orders:
6000: 15% capital.
5800-5500 range: 25%
5500-4500 range: 30%
The rest of the amount is to go with the new bull trend confirmed.
If we break in any time the resistance line of the triangle, we can place buy orders too. And stop out shorts of course.
Have a good trade! And remember, this is just an opinion, not a recommendation!
BTCUSD
we can see the market very calm last hours. And in this case, we have some confusion about where this is going to go. Ussually when you dont know where you are, is because you are into an elliott wave 4, or a triangle. Right now, i imagine a descending triangle formation, doing right now the C wave to 7300/7400, then again a new approach to 6600/6700, finally another try to 7100 zone, to break out down to do the final and new low for
BTCUSD
Where do we wait it? 5700/5500, and with low probability in 4500 zone.
How we will operate this?
I will try a short in the final wave (E), in zone of 7100.
Then we will place buy orders:
6000: 15% capital.
5800-5500 range: 25%
5500-4500 range: 30%
The rest of the amount is to go with the new bull trend confirmed.
If we break in any time the resistance line of the triangle, we can place buy orders too. And stop out shorts of course.
Have a good trade! And remember, this is just an opinion, not a recommendation!