BTCUSD not yet there. Patience should be rewarded soon though
Updated
BTCUSD was not too appealing few days ago bit now has all my interest back!
Once we will have the weak longs from higher washed out, we should be in for a ride!
I'll be aggressive on this one and will get a shot at first equal leg area and will repeat as long as I get the right one (aggressive does not mean my risk will be higher: 2% of capital is the limit per trade, but means I don't need to have a risk of chance of success as per my own method).
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 06/05/2018-12/05/2018, I propose ETHUSD
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.
Once we will have the weak longs from higher washed out, we should be in for a ride!
I'll be aggressive on this one and will get a shot at first equal leg area and will repeat as long as I get the right one (aggressive does not mean my risk will be higher: 2% of capital is the limit per trade, but means I don't need to have a risk of chance of success as per my own method).
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 06/05/2018-12/05/2018, I propose ETHUSD
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.
Note
looks like red -1- is in place (cycle truncated)Note
change of count with motive 5 waves down to account for RSI divergence and early end of sequence from 9,948.98 highNo change in view
Note
BTCUSD is heading higher. Bounce should fail below 9,948.98 for another leg lower. Don't like to sell here or higher but buy lower if reached.Note
BTCUSD textbook correction.Had the direction since April 2018. Patience has been rewarded.
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