A rough trading plan But expecting this path and would trade like this if the chart draws this pic
Not sure yet but the current rising wave doesn't look like an impulse at all. However, no trend reversal signal for now and looks like one or two rising wave remains.
The current small rising wave looks like a leading diagonal and will open a long on its correction.
BTC sideway move lasts longer than expected and there are many possibilities. However, I am still thinking the rising possibility is higher than the falling. Will upload the every possibility on this post.
I am in a short and the current rising wave could be either an impulse or a zigzag. So I have closed the half and will hold the rest if BTC keeps falling. If it draws an impulse, I will close the current short at the entry price and reopen a short at the end of the impulse.
If a falling wedge appears on ETH, I am going to open a long.
I am analyzing the current big pump wave from $15.5k to $74k... There are several possibilities. I am uploading one by one.
I feel like the current rising wave is getting ended and this would be a good short entry possibly.
I have uploaded my viewpoint which says BTC will drop to GETTEX:52K level at least.... So here is my trading plan. However, will consider a short if enough rising correction appears too.
If BTC moves like this, I will open a long and this would be the last possible long entry. If this positions ends at a loss, I will re-analyze BTC chart.
I still think wave 5 will appear until the current low $59,600 gets broken and will open long positions like the image.
No trading plan for now and will upload as soon as a possible position entry point appears. Nobody knows what will happen in the market but I am expecting this scenario because this probability is the biggest.
No plan for today. I am still holding the short and will switch to a long if a long entry appears. My viewpoint on HTF is still long until the current low $59,650 level gets broken.
BTC is forming a symmetrical triangle. I have a short position currently and will switch to a long on the triangle upward breakout.
I am seeing 2 possibilities... One is that a rising zigzag has been completed and its correction appears. The other is 1-2-1-2 scenario.
I am seeing a rising wedge on ETH.... Is this a leading diagonal? What do you think guys?
I think the wave 4 has got ended and the wave 5 is starting getting drawn. If BTC draws this pic, I will trade like in the image.
Will enter a short on the current low breakout. I have uploaded a long idea on the falling wedge, and I will switch to a long as soon as the wedge gets confirmed.