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BTCUSD: Elliott Waves Intraday TradingAnd yet, the price touched the critical level of cancellation of bullish expectations, and I did not open a long position due to the absence of a breakdown of key resistance levels. At the moment, I have made adjustments based on the continuation of the possible dynamics. Intuition suggests that sharp fluctuations towards the $23,000 level and a test of an important Fibonacci level are still possible (this scenario reflects the structure of wave 4, within is likely to forms a WXYXZ model). In addition, I do not rule out a continuation of the decline within the impulse of wave 5, the structure of which I will refine as the decline(I plan to open a short position on the expected waves 4 with the goal of at $16,500). Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSD
by HurricaneCapital
1
BITCOIN: READY TO TEST $19K?Hello, amazing people. I hope your weekend is going great. Here's a quick update on BTC's current price and the possible levels it could reach. Timeframe: 4 hours. Update: BTC recently got rejected from the resistance level of $22k. This rejection is quite disturbing for the market as we can see the possible drop level. If BTC continues to reject then $19.5k can possibly be the dropping level. For relief, we have slight support at $20.5k from where can expect BTC to bounce back. Let us see how the market plays out. I will keep updating you guys so keep in touch. Thank you.
Short
by Dexter_The_Trader
BTCUSDT 12h That in common in Bitcoin, Altcoins, Dominance USDTToday, let's consider the behavior of BTCUSDT price for 12 hours of timeframe, as the BTC price is working on the fractal we presented last week. According to the fractal, by the end of this week, a smooth Bitcoin price growth is possible to $21500. In general, this is a minimum and conservative target for growth. And further, it can start again - 2-3 weekly price corrections. But in this situation, in our opinion, it is more interesting different. While the BTCUSDT price will be growing smoothly, altcoins can start to grow actively This assumption partially confirms the Dominance USDT chart - USDT.D A possible fall in the Dominance USDT.D, according to the fractal, will mean that the capital from the Tether will be flowing into BTC and altcoins, accordingly, their prices will grow. But the next trading week can be an interesting fracture: - If the USDT.D starts to grow, and the price of BTCUSDT fall, it is clear that the capital will start flowing again from the BTC into the Tether - But it can be more interesting with altcoins. If from next week, they will be poorly adjusted or the price is relatively standing in place, it will mean that from Alts capital does not flow to Tether. Accordingly, while the BTCUSDT price will be in a smooth correction, Altcoins can start a good up movement. But about this is already next week. But not to miss the updates of our thoughts: put a like under the idea, write a comment and sign up for us. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
28
BTCUSD 4h Bitcoin price movement route for the next trading weekA few days ago we published an idea for the BTCUSDT trading pair, with a fractal, which is working quite well today. However, today we were noticed that the buyers started to slow down the BTC price, a struggle between sellers and buyers on increased trading volumes begins. So we decided to make an update. The current trading zone is now $20500-21500. If the BTCUSD price fixes above $21500 in the next few days, the upward movement will continue to $23100 and possibly to $24300. If the Bitcoin price keeps falling down, and it consolidates below $20500 , the fractal will continue to work out. A smooth correction BTCUSDT over the next 2 weeks, all the way to the maximum critical zone of $18250. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
40
BTCUSD: Elliott Waves Intraday TradingThe price of bitcoin continues to be in the expected correction of the upward movement. It is likely that a WXY wave pattern could have formed, after which a fast growth can be within the wave 5 of wave C, or within the wave 1 of wave 5 (also, an ascending wedge has already formed on the M5 timeframe, on the breakdown of the maximum of which I will enter the long). Or I will buy at the limit level of $21,000 with a stop loss of $20,700 (if the correction continues), and I will consider short sales in case the end of the local 5th wave above $22,500. Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSDLong
by HurricaneCapital
5
BTCUSD: Elliott Waves Intraday TradingHello everyone, friends! At the moment, I continue to monitor the dynamics of the behavior of the price of bitcoin. It is worth noting that the price is in no hurry to decline, and it is for this reason that I returned the scenario with continued strong growth to the main plan. On the chart, I marked the key level of $20,650, the achievement of which can activate an avalanche of sales. In general, today I will follow the price reaction at the local Fibonacci support levels for the considered wave levels. I will buy in order to take profit at $22,800 (if the decline does not pick up speed, and the growth dynamics continues to form upward impulses). The short sales I will be considered on the breakdown of the lows of the initial descent impulses and increase the short volume of the position in case of understandable upside corrective formations. Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSD
by HurricaneCapital
3
BTCUSD: Elliott Waves Intraday TradingAnd yet, the price rose within the framework of past assumptions (), regarding reaching the level of $21,890. I did not open a short position, because there was a significantly higher upside risk under yet another trading plan. For now, I'm waiting for the situation to clear up and I'm in the mood to sell; however, I do not exclude that the price dynamics may make adjustments and the growth will continue within the framework of another model (I do not publish it yet, but I track it). In general, I constantly have at least 2-3 trading plans that have different characteristics and entry levels. This allows you to be flexible in any conditions. Now, I'll be waiting for the familiar patterns for the decline. In addition, I will closely monitor the formation of bullish patterns and, if they appear, I will move within the framework of bullish scenarios. Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSDShort
by HurricaneCapital
BTCUSD: Elliott Waves Intraday TradingThe price rose within my bullish expectations. I closed the long position completely within yesterday's trading plan in profit. Now I will wait for the situation to clear up and receive signals to open a short position within the expected decline. In general, the bullish pattern in the form of an ascending zigzag can already be considered implemented. Naturally, without confirmation of the beginning of the decline, it is too risky to open short positions. I will be waiting for a breakout of the uptrend line boundary and will continue to subset the waves internally to be able to neatly enter a position in wave 2 or B. Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSDShort
by HurricaneCapital
13
BTC retrace to 22.800BTC looks like there is a retrace that can reach the price of 22,800 if you look at the existing pattern. On the D1 chart the candle forms a bullish momentum, but all the ichimoku parameters still indicate that the selling pressure is still strong. This retrace is not the start of a bullish trend in my opinion, this is only a retrace with a simple a-b-c pattern, most likely. The kumo cloud still indicates selling pressure, with quite thick volume. Don't be fooled into making a purchase. Well you wait. I'm more focused on determining when it's time for me to enter to short
BITSTAMP:BTCUSD
by Hokusai_FX
BITCOIN: IMPORTANT UPDATE!!!Hello everyone, welcome to this BTC weekly update. Update: Bitcoin has been hovering between $18k to $20k for the last 18 days holding the $19.5k support level. If you look at the chart, in the past, BTC reached an ATH, then got rejected, followed by the formation of a new support level, then further rejection, and then a bounce back. A similar move is happening now where BTC made an ATH ($69k), got rejected, made a new support level ($29k), got rejected again, and now holding strong support at $19.5k. The doubtful part of this chart is the bouncing level. In the past, BTC has always bounced back from the lower supporting trendline, and if BTC will follow the same pattern then $14.5k could be the level. On the other hand, if BTC maintains the $19.5k support level then we can expect the rally towards $29k can take place from the present support level. All I can see is a bounce towards the $29k to $30k level to be happening soon. RSI: The RSI level on BTC is already at the oversold level and sooner or later it has to bounce back. Key levels: 1. $19k support level. 2. $14k support level. 3. $29k resistance level. Note: This chart is in a higher timeframe so do not consider this as a trade setup for scalping. I will update more on this in the coming days so stick to this channel. If you haven't followed me yet then do hit the follow icon for more interesting updates. Likes and comments are highly appreciated. Thank you.
Long
by Dexter_The_Trader
5
BTCUSD: Elliott Waves Intraday TradingBTC price growth dynamic forced me to close sales in a small profit. As usual, with the development of the situation, I continue to refine my trading plans. I had to return the ABC model from the past markups. At the moment, the correction can take absolutely any form, and judging by how the price breaks through the resistance levels sharply, I take into account even the most unimaginable plan with a breakdown of the level of $21,890. Trading in such conditions is difficult, but possible if you wait for familiar patterns and models; that's what I'm going to do, as always... Locally, you can consider buying on m15 chart with a short stop loss. I will consider buying a bitcoin on the breakdown of key resistance level (now is $20,300), and on limit level - of about $20,000. Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSD
by HurricaneCapital
2
BTCUSD: Elliott Waves Intraday TradingHi everyone! The price got to the downtrend line where I placed short sales. Now I continue to consider several scenarios for the development of the situation, which tell me to continue to hold a short sale and look for additional points to increase of the position volume. According to the basic scenario (chart on the left), I consider an increase in short sale volume both on the breakdown of the triangle's border, and in the wave B of wave D & wave E (if the pattern is formed). According to the alternative scenario (chart on the right), I consider an increase in short sale volume on the correction in wave 2, as well as on the break of the low of wave 1. The stop loss level for short sales is located at the level of 20450 by Bitstamp quotes. Good luck in trading, friends! Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSDShort
by HurricaneCapital
5
BITCOIN: AT VERGE OF REJECTION.Hello traders, BTC didn't play out as expected. It is currently at the edge of rejection breaking down below the lower trendline. If the next candle closes below this trendline then be careful with your trades. It could be a fakeout as well but considering the volume, and the 21 MA, it is not showing any bullish sign. I will close my positions on BTC, ETH, and GALA on leverage if the next candle closes below the supporting trendline. The best suggestion will be to stay away from the market for now and if you have any open trades then use SL. I will keep updating about the market situation.
COINBASE:BTCUSD
by Dexter_The_Trader
2
BTCUSD: Elliott Waves Intraday TradingHello friends. The price of bitcoin continues to move within my trading expectations. I continue to dynamically edit the markup of wave levels, which allows me to plan key levels for making trades. At the moment, the price of bitcoin is growing as part of local corrective scenarios. I plan to open short sales as part of the next round of price reduction. You should pay attention both to the sell limit levels for the scenario with the formation of a bullish wedge, as well as to the probable formation of a more complex local correction in the form of a triangle. Both cases allow you to plan trades with good entry points for short sales. Plan, take risks moderately and earn confidently. Good luck! Best Regards, CEO Tornado Capital
BITSTAMP:BTCUSDShort
by HurricaneCapital
4