I believe we are in corrective mode on the bigger picture. Lets see if it plays out.
On the chart I have ABC with different colors relating to different degrees.
I will be long only if we go below 6221 and my stop loss will be 5800 below the low of A. My target will be in the range of 6800-7100
Hello crypto traders,
My analysis shows a bigger ABC pattern , and within it a 12345 Elliot wave.
MACD confirms and shows we are in the end of the B wave and will start C soon.
I will risk 1% on this trade and update as we go. Its a 5:1 risk ratio , but I could update it during the trade.
Position set to sell at the price indicated on the chart.
Good luck ,...
Hello Crypto traders,
This is my idea on how I will be interested to enter BTC/USD on a long position
I'm only risking 5% on my stop loss, please trade carefully and understand this is a market that will take everything if you let it.
Honor the Stoploss and risk what you are willing to put at risk.
I've studied many markets that had similar situations as...