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Bitcoin

Bitcoin - The Rule of Alternation

By OrigamiOracle
Updated
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
Elliott WaveFibonacciSupply and Demand
OrigamiOracle

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