10 reasons why you should own Bitcoin! Sell your camel now, or you will miss the moon trip! Insert no clickbait title here! Views, views, likes, likes!!
Alright, back to the things that matter. Complex waves once more on Bitcoin, she is playing difficult one more time (yes its a female, its obvious). The majority of the alts have already started their first impulsive waves up and showing a potential reversal. We all know that the profits from the alts eventually move to Bitcoin, just like fuel for another run.
So, what do we have this time? A nice big and boring triangle B.
Low volume: Check
Volume decline: Check
High Volatility: Check
Boring action: Check
Moon potential: Check
Trendline Denial: Check
Use it or lose it.
Alright, back to the things that matter. Complex waves once more on Bitcoin, she is playing difficult one more time (yes its a female, its obvious). The majority of the alts have already started their first impulsive waves up and showing a potential reversal. We all know that the profits from the alts eventually move to Bitcoin, just like fuel for another run.
So, what do we have this time? A nice big and boring triangle B.
Low volume: Check
Volume decline: Check
High Volatility: Check
Boring action: Check
Moon potential: Check
Trendline Denial: Check
Use it or lose it.
註釋
It can still be a normal abc B, but i lean towards the triangle because of the volume.It wont make a difference to the average eye, since E often falls short.
交易進行
Laddering to 8k or entering on a break out. 50% in.註釋
Personally im not worried about the sell-off. It probably triggered lots of stop-loss from triangle traders. We have 2 options here. Wait for a potential bounce and sell for a minimal loss. And after that, we either buy lower, or slightly higher on the breakout.註釋
Its showing some stregth here, if this not the bounce, its slightly lower. Decision time! Also, i will re-adjust the targets on the main idea once we confirm the local low ( and the count probably).註釋
It still looks like a triangle. But we dont know if its the whole 4th or B of 4th, either way it will choose a direction soon. If it breaks down, its targeting the extreme of 7678 area.交易進行
My order got filled at 7902 on Binance ( the rest 50%). This is not the bottom most likely, but i will play the bounce.註釋
We still dont have a reversal confirmation. Its approaching the first resistance both on price and hourly RSI.註釋
There is no need to be upset. Trendlines and triangles are meant to be broken.Elliott Wave and Harmonics traders would probably be half as good if there any Trendline-boys and triangle traders.
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if there werent*註釋
Also, please dont follow my trades. I play the bounces because i know the risk involved in the trade. If you dont know the risk dont follow them blindly, its the worst thing you can do. I maybe be out of the trade or jump in and out to an altcoin without announcing it here. Wait for trend reversal confirmations to enter.註釋
There are many reasons for the price to hover around this levels. Its an obvious point of attraction. Many fib supports + resistances, price action between the trendline and MAs, a nice round number of 8k and overall uncertainty in the market. It can honestly go either way. The very few will decide to trigger the stop-loss or the stop-buy of the rest. My bias is that it will retest the 96xx levels in the next hours but it can also go up. Sit back, exit your positions if you are not sure and enjoy the rest of the day and then enter on trend reversal confirmation. Its that simple.註釋
retest of 76xx , sorry for the confusion.註釋
Let see how high can this mini bull run go.註釋
There are also some fibs at 75xx. Pretty extreme but, extreme = normal on crypto.註釋
Alright, this is it. The very last defence for the bulls. This is an EXTREMELY RISKY trade. We ladder both on the way down (even below the fibs) and on the way up, for averaging. Dont take the trade, im just sharing how i approach it. If you dont know ther risk involved wait for trend reversal confirmation. Many stop losses are gonna get trigger around here. The count can be wrong and we go way down.註釋
Just like Greg posted, im still bullish on this. This is the advantage of the EWT. When others were calling for moon mission, we were expecting a deeper correction. Short ideas will dominated the trendings. It doesnt matter, back then there were only longs. The lower it drops while the scenario is still valid, the better the risk to reward ratio. 註釋
I dont have any update for BTC, i want to see it make a move before posting a new idea. Levels to watch for now:Upside: 7 and 7.7
Downside ( if 6.4 was not the bottom): 6.1, 5.8 and 5.4
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trick* rich*Got very excited for the upcoming bear hunting. :)
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Personally, i think we are already at a bull run. Im aware of a few alternations pointing lower at 5.8 and 5.4 levels, which are reasonable. Im trying to adjust my main count which pointed the Y at 5.8 levels ( but bounced at 6k because its a nice round number) so if you have a REASONABLE count which meets the RULES and more spesific FIB RELATIONSHIPS, fell free to post it below or pm me directly and i would gladly take a look at it later today.Saying that it will go to 5k or 3k without meeting the rules then im sorry, but i cant take you seriously. You are simply biased and a news-trader.
Here is one alternative that i have posted above ( very old one, it was on one of my first SERIOUS ideas), check the bounces once it hits the 0.618 proposed fib for the Z.
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For example, here is a friend's idea using a variation of the classic EWT, Elliott Wave Harmonics. Im not familiar with the rules but its something i have an eye on.<deleted>
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And some potential bearish alternatives i have on a private idea.<deleted>
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Till then i will be posting updates here to spam your feed and make your life harder by scrolling lower, huh.註釋
Count invalidation. When moon sir?註釋
Be VERY careful if you are trading this. IMO its too late to jump in. As mentioned few days ago the targets on the upside were 7 and 7.7 . The theorytical max is 8.2 . You can go in for a trade but understand that this is not a safe trade zone.相關出版品
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