Kinnari + Elliott's wave theory (5 + 3 = Waves), Bitcoin!Attention to the rhythm of the wave for bitcoin.
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Kinnari + Elliott's wave theory
5 + 3 = Waves
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The price is under Wave A, B, and C.
ABCDE, Triangle leading by 2-wave.
The "Parallel Channel" is respected wave 2 and waves 4 and parallel towards 3-wave.
You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Bitcoin-trade
LTC looking goodPlease leave a like or a comment to show support and feel free to challenge me on my TA!
- LTC reaching its lowest low since 05/2017
- Next support (Weekly) is at 3050 sats
- Historically an RSI dip below 30 followed by a return above 30 has lead to sharp increases in BTC value
- I'll open up a long once RSI breaks above 30
Target 1: +/- 10% gain
Target 2: 15% at 5547 (daily level)
You need a dollar dollar, a dollar💰 on Bitcoin...!!!30-min chart - New "Value Area " negative sign (U-turn)
R-8912 nearby
The "Parallel Channel" price congestion expected with decisive zone :
still not clear up or down...?
==> ✍ Kindly Vote in comment , what you think Plan A or B?
Weekly Trouble/Downtrend:
This is the road of the Bitcoin, we can see where it goes together
You & I know, trend is downward from this pattern.
Bad times are coming and I & you reap Dollars, isn't it?
It's been a long old trouble long old troublesome road below 8241 w hich can push price down free fall.
Last Selling Successfully Target achieved of Bitcoin:
No change in PLAN, but little more advance clues! BTCPlan (B):
Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby
Bottom of the page, this plan(B) original idea posted.
=> Below 9819, the price is not bullish and its can continue to create new value are approximately given in projection.
If you are holding your position from Plan (B), trial stop-loss on closing base of candle above 9818. And you can continue to hold first target at 9444 nearby.
You can write your query in comment section and kindly dont forget to hit LIKE button.
The parallel channel has two resistance, one is at 9857 nearby and one exact near the cmp.
The positive sign is developed. two chart are opposite to each other.
Be active and careful...!
Just look at this simple support .
-------------Active call for swing traders------------
Follow me if you want more update. Thanks.
DIRECCIÓN DE BITCOIN Bitcoin se encuentra dentro de un gran nivel de resistencia en los precios de 10396-10400, sin embargo, considero que si Bitcoin rompe estas zonas puede tomar un curso alcista hacia los 12000 a 12200. De lo contrario, si sucede un rechazo tenemos un soporte en el precio de 9376. Esperemos rechazos para vender y continuaciones para comprar.
Trade setup on 💰Bitcoin for "Swing Trader".Trade Setup for "Swing Trader" :-
Plan (A):
Sell 9692-9780 nearby target as 8874-8838 and 8842 nearby
If you can chance, then
Plan (B):
Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby
The U-turn (at 5th wave) clear on Projection in next month. We'll in down-side trend before the starting next month.
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--> Share your 💕 LOVE continually by writing Comment ✍
======================= Replay (last worked) ======================
Tradeble Wave Trade-Setup with both side of consideration.......In-case of price is going cross LH 8952, we can see below projection:
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LH 8955 below, keep continue selling, if reversal exist then price must cross this level above.
Trade Setup:
PLAN (A) : Sell below 8955, for first T 8647 nearby and T2 8459
PLAN (B) : Buy in pull-back if price cross 8955 and stop-loss and target.
NOTE: I'll update if price crossover in Timeline.
Bitcoin - Getting Ready To Blast HigherHi traders.
BTC has approached a support trend line.
Believe it is time for a slight push upwards.
Week upwards target shown by red arrow.
Bitcoin halving coming up soon so price should hopefully rise.
Like & drop a follow if you agree!
Note: DO NOT FOLLOW THIS TRADE BLINDLY!
The possibility of something is cooking in Bitcoin kitchen...!All the major resistance and support plotted on the chart.
The price breaking out any of these R 9083 and R 8398 will give us new direction of trend .
The excess/penetration has been seen out side of parallel channel/value area. The price can be dump and damp between Upper Bound: Parallel Channel and Lower Bound: Parallel Channel.
Traders can trade both either buy at pepper bound or sell at lower bound until breakout the channel with confirmation.
Let take a closest look with different angles:
Very Low Volume
Narrow range in price with series of almost no body of candle.
price rotation
remarkable point: price falling with vol. volume before the price rotation.
---> You will get big move shortly with volume surged .
Seeking a clue for breakout and direction, Bitcoin chart!Hello! Friends,
I came with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance.
Till trend is up in other timeframe so, 10% higher chance to move up the side.
seeking a clue for the time of breakout and direction.
The consolidation will continue until we didn't get test of money makers.
Don't take any position: See k first to understand, then to be understood.
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"" Intraday(30min charts) CHART ""
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Presently Bitcoin price is following parallel channel on 30 minutes timeframe chart:
Target was achieved.
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"" DAILY CHART ""
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PART (i):
Wave Theory
This is the only chart which is looking for a downward move. ..!
PART (ii):
We have seen upbreak as expected.
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"" WEEKLY CHART ""
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PART (i):
Till not found any -ve sign on weekly chart of patterns:
Relation of Cong estion vs. Volume exa mination:
Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and after the breakout, we are seeing a single directional move.
If we are at the CONGESTION phase, we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases.
PART (ii):
Following patterns has been detected-:
initiative movie
two triangles
rounded move with low volume
tails (while u-turn )
Bitcoin is trading in Up-Wave .
Parallel Channel proved its important, Bitcoin Kinnari_PrajapatiHello! Friends,
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance.
Bitcoin is following channel which was drawn by me on 11th APRIL (I will put the link and result bottom of the page)
The breakdown point is important for long traders. I will update the new trend after breaking the breakdown. A trader can by BTCUSD at value.
=> In the last posted idea, many traders were asking "to buy bitcoin" and my replied w as:
Buy Bitcoin at gravitation line and at the value low. This bounce is exactly from Value low.
The next move projected on the chart.
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"" WEEKLY CHART ""
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This is " Price Action with Volume theory".
PART (i):
Relation of Congestion vs. Volume examination:
Herein, 4 CONGESTION found throughout VOLUME declined . 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and after the breakout, we are seeing a single directional move.
If we are at CONGESTION phase , we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases.
PART (ii):
Patterns are on the chart:-
Similarity showed by a Black circle .
Following patterns has been detected-:
initiative movie
two triangles
rounded move with low volume
tails (while u-turn )
Bitcoin is trading in Up-Wave .
PERFORMANCE Of Bitcoin link:
Verge (XVG) trade setup: Possible 35%+ Profit Opportunity My trade idea:
Buy 38-42 sats
Sell some/all position ~55
stoploss 35
Not advice. Just another perspective to look at. Take with a grain of salt.
Bitcoin - Spectators are safe from stop-loss hunting.If you followed my last post, we were ready for this retrace and it accurately happened at the right time. But this is crypto market and odd things are usual. Bears were a little more emotional than what I expected and price dropped below our desired zone. However, fortunately we closed at 10170 and took profit. Sorry for not informing you. I couldn't be that quick and only had 30 mins to call some friends and let them know about the possible drop.
WHAT NOW?
Because "keeping our capital safe" is the most important thing and some odds happened, being an spectator is wisely recommended. There is a stop-loss hunting on the play. Bitcoin is moving up and down so fast to test if there are more stop-market orders (stop-losses) right above the tops or below the bottoms.
I'm looking at weekly chart to see what are people doing. We are still in the support zone (9150-9550). While it's holding the price, it's bullish. Bearish breakouts are false flags (specially this recent one because of low volume). Weekly chart shows a very nice retrace to get ready for another bullish move and shaping another channel.
Golden cross is shaped at daily chart. It's a good sign, but not that important which most of the people believe in. We have still a very important obstacle above us. The strongest one. If we can't cross over it, we may experience a long term consolidation or a big drop to 8K again.
WHEN IS SAFE TO ENTER?
I have no idea right now. Looking at a closer view (daily chart), I'm just waiting to see if price closes above or under the zone to find another high reward opportunity to go long or short. But now, enjoy watching a battle.
AIONBTC a low risk tradeA nice low risk trade at the end of the year. Wish you all a profitable next year!
How to not get liquidated and relax in the tradeLets face it we all do it, we want that $btc quick and easy so what do we do...
LEVERAGE!!!
and what is the subsequent fallout of a leveraged position
ANXIETY, PANIC, SLEEPLESS NIGHTS (unless you get the optimum entry)
So if we are gambling in a mid range between supports and resistance how do we trade either direction and feel safe, or relaxed?
Its simple really... DO NOT USE LEVERAGE BEYOND YOUR SAFETY ZONE
But what is my safety zone? Lets look at the charts, we can see we have had a big candle, everyone is saying 3-6k but we want to long or even short it down further although some are saying 16k October - confusion??
So we look at the dailyo chart, and eye up some support and resistance zones.
Once identified we add the pivots to reveal P, R1, S1 etc.
Do those pivots line up with our S/R zones? yes
OK so when we make a trade we dont do 50x off the bat, instead we ease in to the trade.
So 1x... what is the liquidation engine prompting you, is the liq below/above the identified support/resistance zone... yes - enter trade
then 2x - still above below... add to position
3x
4x
etc etc
If you find you are 10x and your liq is above support (long) or below resistance (short) then reduce your position size or simply do not enter that heavy - easy right?
What we dont want is to be mid range going high leverage.. thats called gambling. Unless you have identified a strong/weak point of the market and you are certain of direction then trade safe, trade low lev and wait for confirmation.
When in profit move stop loss
...and always protect your capital.
Finally = Trade responsibly
The constructor of your trading algorithmHi friends, today I want to share the constructor of your trading algorithm.
I want you to take a piece of paper and a pen and answer these for yourself
And this will be your individual trading algorithm
1. Trade style
Decide how you are going to trade
Choose your style
- Short term
- Swing trading
- Medium term
- Scalping
- Carrytrade
- News StraddleTrade
- Long term
- Other
2. Write more specifically here, what time will you work?
Indicate the hours of your work at the terminal
3. What's is stopping you from trading?
Here you should list ALL moments that can confuse you in trading.
I do not trade if:
- Bad mood
- I'm drunk (a), or fun)
- I'm sick
- Exceeded (a) the established level of risk for a day, week, month
- On the day of the release of important economic indicators
- Bank holiday period
- At the end of the fiscal year
- At the beginning of the fiscal year
- Other
4. Trade Details:
Describe in detail all the situational moments in the trade
I am analyzing yesterday's deals
Yes
Not
My instruments (what I trade)
__________
What type of analysis do you use
___________
What patterns do you trade
-add files
What important economic news do I see on the calendar
___________
I am doing a general market analysis on such timeframes
___________
What indicators do I use (indicate names and settings)
___________
Signals to enter the market, i.e. when I enter the market
___________
Pictures of situations
___________
I trade such a market model based on price levels
add files
For me, the signal to enter the market is a SELL order based on price levels
Price trading below the level after the breakdown of the level (breakdown of the level)
Price trading below the level without breakdown (reversal from the level)
In pictures it looks like this
_________
The signal to enter the market is a Buy order based on price levels for me
Price trading above the level after the breakdown of the level (breakdown of the level)
Price trading above the level without breakdown (reversal from the level)
In pictures it looks like this
_________
The signal for a false breakdown for me is
Maximum permissible risks for my deposit (in%) per transaction, per day, per month:
_________
The ratio of profit to loss is
1: 1
2: 1
3: 1
Your option:
Other
After entering the trade for each order, I set StopLoss
Yes
Not
After entering the trade for each order, I set TakeProfit
Yes
Not
In my trading, I practice partial fixation of the volume of the order (I close the profitable trade in parts) *
Yes
Not
What does it look like? Picture*
I make sure to work on the bugs *
Yes
Not
where is bitcoin goinig?!?!We are all waiting for the climb but what is really going to happen ???
Bitcoin is in good shape right now but all traders are hoping for bktt.
But bitcoin is stuck in a few triangles and patterns.
With the trend right now, it seems we have to wait for a downturn or price drop to the 8900$ limit.
We come together here to help make progress,enjoy your positive and negative comments and learn from you