BTCUSD: Elliott Waves Intraday Trading
Hello everyone, friends!
At the moment, I continue to monitor the dynamics of the behavior of the price of bitcoin.
It is worth noting that the price is in no hurry to decline, and it is for this reason that I returned the scenario with continued strong growth to the main plan.
On the chart, I marked the key level of $20,650, the achievement of which can activate an avalanche of sales.
In general, today I will follow the price reaction at the local Fibonacci support levels for the considered wave levels.
I will buy in order to take profit at $22,800 (if the decline does not pick up speed, and the growth dynamics continues to form upward impulses).
The short sales I will be considered on the breakdown of the lows of the initial descent impulses and increase the short volume of the position in case of understandable upside corrective formations.
Best Regards, CEO Tornado Capital
At the moment, I continue to monitor the dynamics of the behavior of the price of bitcoin.
It is worth noting that the price is in no hurry to decline, and it is for this reason that I returned the scenario with continued strong growth to the main plan.
On the chart, I marked the key level of $20,650, the achievement of which can activate an avalanche of sales.
In general, today I will follow the price reaction at the local Fibonacci support levels for the considered wave levels.
I will buy in order to take profit at $22,800 (if the decline does not pick up speed, and the growth dynamics continues to form upward impulses).
The short sales I will be considered on the breakdown of the lows of the initial descent impulses and increase the short volume of the position in case of understandable upside corrective formations.
Best Regards, CEO Tornado Capital
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