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BTCUSDT Under. The microscop(19.10.2018)Wave 4 (purple) presented a "surprise" for many. As a rule, one who is not ready for such situations, in fact, expresses his thoughts in actions: "Ugh, pla falls! I will close!". There is a discharge of the previous impulse, which developed without correction, and the price starts an upward movement further. Now a new impulse subwave is forming. Recklessly climb into the market until the train does not stop, and the conductor will not give a signal that it's time to go further. We are waiting for correction after the impulse for landing with everyone in the common car.
Long
by SRVgroup
BTCUSDT Waves. under the microscop.(18.10.2017)The price is close to the critical point 5400, the breakdown of which will lead to the refinement of the markup. The bitcoin market is in the supposed wave 2 (black), in the composition of the intermediate upward momentum to 6800-7000. As well as yesterday we expect the market to grow to the goals. We do not exclude that our assumption, regarding wave 4 (violet), is erroneous and the price descends lower to clarify the markup. This parameter smooths out risk management.
Long
by SRVgroup
BTCUSDT Waves. Under the microscope(10.10.2017)Our prospective model "wedge" did not take place. The market has sharply gone up and now has taken a timeout. Today, the markup has been modified and moved to another level higher to assess the overall picture. Because the internal structure of the emerging upward movement consists of triples (although many are under the intoxication of the "bitcoinomania" and are labeled as 5 wave impulses), then we dare to assume that the main correctional wave 4 (red) is not completed and will take the form of an incorrect correction. The nearest key level for us is 5400. We noticed a possible similarity of some segment of corrective waves and denoted it with a colored ellipse. Similarity and alternation - the wave order of the chaos of prices. The strategy for this period is conservative. We will wait for a clear correction, when it is not ripe. You can work on a breakdown set by the maximum with a short Stop Loss. The reason for this growth right now is the possible bitcoin hardfork, scheduled for October 25. "Buy on the rumor, sell on facts."
by SRVgroup
2
BTCUSD Waves. Under the microscope.(09.10.2017)Good morning. Yesterday, we sold 90% of the total position at 4590. Bitcoin continues to form the C (orange) wave in a possible bullish "wedge" model. To confirm a good chance of growth, you need a touch / break through the level of 4700 and the wedge boundary. Now we assume that 5 wave upward movement is formed, and internal wave 3 (blue) is over. We are waiting for the price correction to 78.6% Fibonacci. Consider a cautious purchase from the level of 4520-4500 with Stop Loss 4460. The target area for closing the long position is 4700.
Long
by SRVgroup
2
BTCUSD Waves. Under the microscope.(08.10.2017)Yesterday we wrote that a triangle is formed in wave B (orange), and you can buy a break in the direction of growth. We did this earlier (by 4350), because saw the completion of the local correction and the retreat of sales. Now we are in the emerging wave C (orange), and while there is a risk that the price may pounce from the level of 78.6% (4500) Fibonacci. In order for the bullish variant to be further realized (the campaign is above 5000), it is necessary to break through / touch the price of 4700-4800. Otherwise, we can get the continuation of the senior correction and the beginning of the downward movement in the region of 3000 and below. We will closely monitor the behavior of the price. Perhaps the development of a new local correction or a trend change. For latecomers, it is recommended to work from price correction with a short Stop Loss.
by SRVgroup
BTCUSD Waves. Under the microscope.(05.10.2017)We made a refinement of the markup of bitcoin and a shift in the timeline to level 1 older. We assume that the upward movement has not yet emitted steam and is able to form a bullish model in the form of a wedge in the direction of growth. The possible boundaries were indicated by a dotted line of black color. We want to see the penetration / touch of the price level 4680. This will give more confidence in the bullish mood. However, the price began to form a steady movement to decline. We do not exclude that the wave B (red) of the senior correction is finished at 4400, not having achieved the correctional level of 4500-4550, and now we are waiting for a further decrease in the region of the previous decline - 3000 and below. We follow the course of events and, as the situation changes, we will give comments.
BITSTAMP:BTCUSD
by SRVgroup
3