BTCUSD: Elliott Waves Intraday Trading
I continue to edit the trading plan as the price decreases.
I made adjustments to the markup of wave levels:
- on the one hand, the price decline may continue within the framework of wave 5: within the framework of this scenario, some kind of corrective model will probably be formed within the local 4 wave (where can consider opening a short position);
- on the other hand, the decline may end soon, and the price will form wave 1 (where can consider opening a long position) within the expected wave C of wave 4, the formation of which may be not completed yet.
In general, there are options for conservative actions with good risk-to-reward ratios. The main thing is not to rush and open positions by using good price patterns.
Best Regards,
CEO Tornado Capital
I made adjustments to the markup of wave levels:
- on the one hand, the price decline may continue within the framework of wave 5: within the framework of this scenario, some kind of corrective model will probably be formed within the local 4 wave (where can consider opening a short position);
- on the other hand, the decline may end soon, and the price will form wave 1 (where can consider opening a long position) within the expected wave C of wave 4, the formation of which may be not completed yet.
In general, there are options for conservative actions with good risk-to-reward ratios. The main thing is not to rush and open positions by using good price patterns.
Best Regards,
CEO Tornado Capital
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.