BTCUSD 15MIN Time Frame TRADE for Educational purpose
Updated
Following the previous idea in BTCUSD, this is the new count in 1H time frame. I also put the level where I bought in 15min chart yesterday (as per comment in previous idea).
I am the first to say why one should not buy BTCUSD with few hundreds $ stops, but my justification is that there were a motive 5 waves up (purple count) with a FLAT as correction and the opportunity was too tempting. That was also a textbook situation (i'll try to do a video on that with replay), and the stop were set in hard.
So now, I have a risk free position and targets are shown on the chart. Let's see how it goes...
I am the first to say why one should not buy BTCUSD with few hundreds $ stops, but my justification is that there were a motive 5 waves up (purple count) with a FLAT as correction and the opportunity was too tempting. That was also a textbook situation (i'll try to do a video on that with replay), and the stop were set in hard.
So now, I have a risk free position and targets are shown on the chart. Let's see how it goes...
Note
nice price action. still no rsi divergence, so btcusd is nesting to the upside. starts to be interesting nowNote
position is doing quite well. now enjoy the show. First target reached. Let roll the rest of the position.shared with patrons to buy more at 6,780 this morning in Asia.
Trade closed: target reached
and we already hit the second target at equal leg area (7,840 at 123% extension) from 01/04/2018 low cycle (4h chart).What a ride!
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