BCHUSD still good opportunity but sth fishy
Updated
I had to let go BCHUSD in previous cycle as it clearly truncated while I was waiting lower.
However, this is the only crypto I did not jump in over the weekend as I don't like equal leg area overlapping with invalidation levels...
However, believers would have jumped in at 100% extension and would be fine for now.
Will keep an eye on this one and keep you posted.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 13/05/2018-19/05/2018, I propose BTCUSD
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This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
However, this is the only crypto I did not jump in over the weekend as I don't like equal leg area overlapping with invalidation levels...
However, believers would have jumped in at 100% extension and would be fine for now.
Will keep an eye on this one and keep you posted.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 13/05/2018-19/05/2018, I propose BTCUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Order cancelled
Did I say it was fishy? this count is not valid anymore and I suspect FLAT from 24/04/2018 high (end of cycle from the lows as originally proposed.If motive 5 waves to the downside (3rd leg of the FLAT) or zigzag from the highs, I prefer to stay sidelined in the 1h for now and see the development
BTCUSD and other altcoins also broke their invalidation levels in the 1h ...
Note
there you go!
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