black_whale

black_whale Updated 

Classic Elliott setup. The AOIs fit the concept perfectly. Would be a shame not to try. ABC corrective waves short.

black_whale Updated 

Typical weekend price action. I would put the chances of -T at 70% and +T at 30%. Price action in these areas will determine potential trades.

black_whale

I drew the previous short on BEP. The reason is this setup. Could overextend, but doesn't have to.

black_whale Updated 

No recommendation to trade this, just a hedge position.

black_whale Updated 

After a successful short I want to go long here up to the -AOI. To counteract another drop, the entries are placed lower than usual. If the orders are not filled, then it doesn't matter. Am in 3 long positions overall when it comes to Crypto. If the price reaches the upper -AOI before my order is picked up, then the trades will be cancelled.

black_whale Updated 

Boarded at 667 fib. I don't want to see the price down there anymore. If we come down again, I won't trade it. Next resistance to be expected in the -AOI above. From there, BE and close 50% of the position.

black_whale Updated 

I would be very surprised if we see new highs from here. As an investor, I would be very happy about that. As a trader, I would definitely be perplexed. - AOI = Area of Interest (short) +AOI = Area of Interest (longs) -T = bearish PA expected +T = bullish PA expected

black_whale Updated 

I'm going to hedge my shorts with this position. Not 100% convinced of the setup, but if there is a bullish reaction it's at 36-38 cents.

black_whale Updated 

I'm not entirely sure if my orders will be filled here, but definitely worth a try. Unfortunately I saw the setup too late.

black_whale

Here you have a little explanation about the last Bitcoin setup. Basically it was about not making a new high, breaking the previous low and shorting from the 0.5 fib. Actually pretty simple market structure setup. But the most important thing about this setup is the -AOI. In these areas, the probability that such trades will work is increased.

black_whale Updated 

The previous two shorts didn't work. However, the -AOI area is still intact. I will wait for a bearish scenario to form. A little tricky at the moment. If we break the high I'll wait for more definite price action.

black_whale

Too much risk of overextension on the bearish target. Possible long entry in the picture. Strong demand zone in that area.

black_whale

Short if the price comes back up to the 0.786. Long from the bearish target to the 0.5 fib of the overall move.

black_whale

I'm currently short but will go long at 43890. Good demand bag down there. I will probably still adjust my TP. Let's see how it works.

black_whale

Too early to go long at the moment. $ 30-35 could be interesting. Almost 70% to the target level. RRR is pretty good too.

black_whale

Longer sideways phase with sequence target level in the red area ($ 20-22) - at the same time also entry area. Should BTC find support at 36-36k, it could go up very quickly.

01:55

black_whale

BTC, ETH, BTC.D, TOTAL1 and TOTAL2 Market Analysis based on the "Trade Structure" system.

black_whale

My main target is below 29k on this bearish sequence. I think we'll climb up to 33k again before going down any further. 33k could be a good short entry. It also makes sense with regard to the ETH PA. BTC is in a clear downwards trend, while ETH has not yet formed a lower high.