Elliott Wipe-Out
Updated
Context: G20, Google Ban and Tendency. From Indecision to bearish. This means dense correction and agglomerated 4~5 on this impulse.
Clues: This long correction have been fighting res. and sup lines and traded below Wave A.v. So we expect this to be another impulse down.
Aggression Level: Lots of attacks on Price Action, expect players trading truly aggressive. Whipsaws alert: Dragon.
Play: Short on C.ii peak, strengthening position half way to STOP.
Position: 8450~8650
Take Profit: 7600~7300
Clues: This long correction have been fighting res. and sup lines and traded below Wave A.v. So we expect this to be another impulse down.
Aggression Level: Lots of attacks on Price Action, expect players trading truly aggressive. Whipsaws alert: Dragon.
Play: Short on C.ii peak, strengthening position half way to STOP.
Position: 8450~8650
Take Profit: 7600~7300
Trade active
It gonna for a test of that sup. too early. Only 1/3 of my position was filled. This shows that in the general context we are much more bearish than expected. This sentence may be confirmed by an even earlier breakout of that sup. at ~7860.Trade closed manually
RSI got too oversold on 1h+.Trade active
As prices fallen to fast and RSI got too oversold, btcusd bounced on our 7850 cluster support back to a area where we can start our positioning once again. Context is the same, EMA55-close being respected as a trend line.Trade active
Second bullish rally without volume, first orders filled.Trade active
Failed Swing on the 8400 cluster. We are probably reading south now.Trade closed manually
Finally after a extended period of distribution they gonna let it sink. Will this new short extension have any relation to that? Mind your game.
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