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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that the price dynamics may make adjustments and the growth will continue within the framework of another model (I do not publish it yet, but I track it).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
Bitcoin to continue its way down. Where can it drop?Since the initial drop from ATH in late November 2021 to the 42k zone, bulls always searched for support and a reversal for a new ATH, and always Btc has dropped even more. At this moment, again, we have the same pattern, but even though there is a possibility of reversal, at least technically, this is very unlikely. Looking at the past 2 trading weeks we can see that bulls don't have any power and there is no buying interest and the bounce from 2017 ATH was just a technical one and it didn't even have the power to touch the last 25k support, now resistance. The overall structure is strongly bearish and, in my opinion, instead of trying to buy a low, is safer to sell rallies. That being said, this is my strategy for BtcUsd and I will remain bearish as long as the price is under 25k. As for the target, although it will not happen in the next few days, 12500 is a reasonable target
BITSTAMP:BTCUSDShort
by Mihai_Iacob
26
BTC moment of truthWhen you are fearful, zoom out...secular channel intact. Short-term bear channel, bounce overdue. This is the longest data trail on BTC you can find on chart platforms. Many says the 200 WMA has never been violated, wrong...2015 it was trading below for couple of weeks. Nevertheless stop looking for fractal and base your analysis on the present and technicals. - Channel still intact - RSI at the bottom - Stoch RSI oversold - Trend is slowing down Now we wait for the signal. High volatility is normal at the bottom as people is still panicking, but only few are left to panic. Another flash dip to 17k wouldn't surprise me, just stick to support, resistance, channel and trendlines and you will do well and stop trying to predict the market. (probabilities, always) FOLLOW ME, SHARE, LIKE AND COMMENT
BNC:BLXLong
by CFcryptoTA
BTCUSD: Elliott Waves Intraday TradingThe price continues to change the structure and wave levels. After a burst of volatility, the price has moved into a range and is under moderate pressure from sellers. Yesterday we managed to open long positions at the end of the WXYXZ pattern, but we had to close the position very quickly with a small profit, because the growth dynamics was not confirmed. At the moment, I have made adjustments to my trading plans, according to the current price dynamics. In the basic scenario, I consider the formation of a complex correction in the form of a plane. Such formations should be traded very carefully, because any price levels (which serve as levels for placing stop orders) are very easily tested by punctures for strength. Alternatively, I expect the downward movement to take the form of a bullish wedge, which could be the starting model for a medium-term trend reversal. Best regards, SEO Tornado Capital
BITSTAMP:BTCUSD
by HurricaneCapital
BTCUSD: Elliott Waves Intraday TradingUnexpectedly for all traders, there was a local surge in volatility in the price of bitcoin. To be honest, I never found a convenient point to enter a long position, although I expected that the price might start to recover. Trading plans had to be slightly edited taking into account this price stick :) In general, the price movement, as before, indicates the possible formation of several scenarios for the development of the situation. I continue to monitor 3 trading plans, 2 of which indicate the possibility to enter a long position. Also, I take into account that the decline may continue and have a "ragged" appearance. Buying is possible at current levels when a bullish pattern appears on small timeframes. Short sales are relevant in the price range 20200-20500. Good luck in trading, friends! Sincerely, CEO Tornado Capital
BITSTAMP:BTCUSD
by HurricaneCapital