Get started
Bitcoin
Updated

Bitcoin - The Rule of Alternation

114
The rule of alternation: If two waves of an impulse set are seen to be complex (multiple subset waves), the final wave is likely to be simple.

Trade 1
Side: Short
Entry: 6788.0
Stop Loss: 6851.0
Target: 6081.0
RR(BTC): 10.83
RR(USD): 11.22

Trade 2:
Side: Long
Entry: 5916.0
Stop Loss: 5789.0
Target: 7444.0
RR(BTC): 8.73
RR(USD): 12.03

|O.o|
Trade active
Trade 1 Active
Note
Trade 2 Updated:
Side: Long
Entry: 5961.0
Stop Loss: 5789.0
Target: 7444.0
RR(BTC): 6.36
RR(USD): 8.62
Trade closed: stop reached
Trade 1 Closed at Stop Loss
Trade active
Trade 3 active:
Side: Short
Entry: 6805.0
Stop Loss: 6851.0
Target: 6081.0
RR(BTC): 14.48
RR(USD): 15.74
Trade closed: stop reached
Trade 3 Closed at Stop Loss
Trade active
Trade 4 Active:
Side: Short
Entry: 6849.0
Stop Loss: 6901.0
Target: 6081.0
RR(BTC): 13.96
RR(USD): 14.77
Note
Trade 4 Updated:
Side: Short
Entry: 6849.0
Stop Loss: 6951.0
Target: 6081.0
RR(BTC): 7.77
RR(USD): 7.53
Note
Trade 5 Updated:
Side: Short
Entry: 6849.0
Stop Loss: 7001.0
Target: 6081.0
RR(BTC): 5.40
RR(USD): 5.05
Note
Trade 5 Updated:
Side: Short
Entry: 6849.0
Stop Loss: 7034.0
Target: 6081.0
RR(BTC): 4.51
RR(USD): 4.15
Trade closed: stop reached
Trade 5 Closed at Stop Loss
Trade active
Side: Short
Entry: 7040.0
Stop Loss: 7091.0
Target: 6081.0
RR(BTC): 18.17
RR(USD): 18.80
OrigamiOracle
Elliott WaveFibonacciSupply and Demand

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Elliott WaveFibonacciSupply and Demand
OrigamiOracle

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.