I open Long Position 23550 Last Short (+640pips)Hello dear friends.
Now I am opening a Long position to update our top.
I understand that it has already been done several times, and the price did not manage to gain a foothold behind the level of 24,000, but it seems to me that this sharp return in price, this impulse for 1 hour TF indicates that someone is selling strongly, but an equally strong buyer who is now holding the price above the strong support level 23300
Plus, I assess the situation long because:
We are above a strong market maker level, (23300-23000)
RSI 4h TF
tells me to return the price up to 24000
a plus,
my previous idea to short, although it worked, we earned 640 points), but it was very close to failure.
Buy: 23550
Targets 23950 - 24250 - 24800 -25500
Stop loss 22350
Longbtc
New position> btc/usdt Breakdown of the levelI close my short positions, and I will open new ones - where exactly, I think you already understood))))
First position = 790 points/$
2nd position - loss 230 points/$
We also had a symmetric triangle that was broken upwards.
Plus, double bottom and reversal formations.
I will wait for how this level will react, and if it is broken, I will open a long position in order to update the following goals:
24290-24470-24920-25230
Stop loss at the price level - 23700.
BTC/USDT - NEW PRICE TOP - COMING SOON!Hello dear friends.
As I wrote to you, in the previous idea - I will only work long.
Each green price point is additional points for entering a long - as, for me, these are strong price levels.
I expect a breakdown of the triangle and a rise in prices.
I added a little targets for which it is worth working, since for the previous position, I took too large a price gap for myself.
Many traders wait for where the price will lead - and most of the crypto community believes that a correction is needed, we will weaken, and that the tops are already going down.
Perhaps they are right, but I think now and two days ago it is completely different.
If you are planning to enter long - please follow your own risk and money management.
Trading is a trade of probabilities, and no one knows 100% how they will decide "from above".
Also, after 10-20 profitable positions, if you do not follow your trading rules, and your strategy - for one position, you can lose more than in a series of profitable ones.
P.s Trade wisely, with stop loss and with the correct trades. Good luck to you!
Long BTC/USDThello dear friends.
Yesterday, took almost all the growth, (3/4 - goals taken)
I waited for an impulse after breaking through 18720 - it happened, but not as strong as I expected. Only 200 points.
The price was returned back to yesterday's values.
Perhaps I am wrong - but I will work from long positions, and now I am waiting for the update of the peaks, where my first target is 19480.
my exit 19095
Stop Loss - 18480
Let's see how it will be, since such triangles are zones of nondetermination.
BTC/USDT - Collapse to 14,000(10050)? or a return to 18000? Hello traders.
I decided to quickly publish a trading idea, as I see a lot of changes in the market, at this time I am looking at a long position from the current price.
In order to renew 18000-18500 $
Why am I expecting this.
1) Weekends
2) Closing the trading week
3) Good volume on the strait
4) some indicators have updated the lower boundaries on the 4 and 6 hour timeframes.
five)
The mood of traders for a correction to 14000. (It will certainly be) but not now!
6) The price is above the strong level of 16500!
7) Rendering of the double top must be awarded!
My long exit - from 16920 -
Stop Loss - 16490
Targets - 17500 - 17800 - 18150 -18500
This is not a recommendation or a call to action.
I write here only what I consider necessary to show, and only show my actions and my trade!
I am responsible for all my actions and risks - but in no case for yours. Remember this!
BTC's Path To 100k... Follow Me Bitcoin! I'll Take You There.Welcome everyone,
My name is Schyler with NewWave Traders. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality.
In this chart I pose a valid count that could take us to 100k, however, there are certain things that need to happen and invalidations that can't be broke. There is only so much time for this to develop before the symmetry of the waves gets distroyed, the 2 biggest things I'll be expecting from this count is a necessary extended wave, either (and most likely) expected in the 3rd macro wave with an extended 5th wave to give us a strong, well defined 3rd wave.
The origination of this move had a slow and very corrective looking climb to it, with an extremely shallow wave 2 that can still give an argument to a bearish outlook, however we'll stick with the trend while until it ends.
Due to rule of alteration, and the expectation of an extended 5th wave, we can expect the 4th macro wave to have a steep and fast retracement.
The retracement of the "soon to be" 4th wave from this outlook will be the determining invalidation of it at about 12.5k. With an ideal 4th wave retracement taking us to about 14.5k/16k before a projected blast off in an extended 5th wave, which would target roughly 59k/60k. After that a 4th wave brings us down to maybe 40k, and then we do another 100% 5th wave, typical of the 2017 bull run after 25-30% pullbacks which then takes us to 100k ISH.
What are your thoughts of Bitcoin reaching 100k?
Do you think this is still a corrective move or have we started the ultimate bull run to mimic good ole 2017 days?
Let me know in the comments below and don't forget to follow so you can learn how to create a full time income and live life on your terms.
To Your Success
Schyler
NewWave Traders
CLEAR TO ME... LAST NIGHT IN CHAT I POSTED THIS. SO HERE IT ISCLEAR TO MANY SHORTS ARE SHORTING AT THE LOWS, WE NEED SOME LIQUIDATED SHORTS BEFORE FURTHER DROP. 10600 FIRST TARGET. IF WE CAN HAVE A SR FLIP AROUND 10600 THEN WE CAN HIT 10800 PRETTY QUICK BEFORE A NICE SHORT OPPORTUNITY PRESENTS ITSELF. FOR NOW IM LONG FROM 10295. LOOKING FOR 10600 FOR EXIT. I HAVE A SHORT ORDER AT 10600 EXACTLY FOR A SCALP . THEN WILL SEE IF RESISTANCE TURNS TO SUPPORT TO LONG TO 10800 AREA BEFORE I SHORT AGAIN.... SCALPING SCALPING SCALPING !!!!
LONG BTC Long at Re-Test which give us nice profitGreetings. Please leave a Like if you like the idea.
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Entry-->
1: 9692.5
2: 9604.5
TP-->
TP1: 10058
TP2: 10443
Sl: 9484.5
Risk 1% only
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Peace Out!
BTC Forecast UpdateStill short. @9500
The dotted arrows shows the best & worse case for BTCUSD at these levels.
Bitcoin has been on one hell of a ride as of late.
Ruling nothing off the table here but If i had to pick a side. It would be short 9600.
Lets see how this plays out.
Lets see if bitcoin can keep ripping through Shorts or if bitcoin pulls back and gear up for another run up.
I will keep updating.
The growth scenario persistsOn the 4h timeframe a pennant has been formed, which is making its way towards the trend, and the trend is now ascending. There is already a designated support level in the range of 8600-8500. Now it is desirable to consider entering long when exiting the figure and fixing the price above the level of 9000.