BTC: waiting for the entry signal

May 5, 2018

Traders,

Been a long time, now we are back.

For BTC, this is what we can see right now, 2k-3k is not
for a recent target zone now.

The red trendline is broken and long BTC is the common
sense , but we are not asking you to enter long trade at the current moment. WHY?

1. It took 51 days for BTC drop down from 2k, thats the first wave
2. It took another 37 days for it to drop down from 11k, thats wave 3
3. It took 27 days for BTC to rise back up to 11k and made a corrective wave .

Now the new trend after breaking the trendline probably going to take some rest after 23 days rising.
And the end of the new wave 1 of the new trend could be the blue zone.
Meaning we want to see a retest of 7k around and waiting for short trade entry..

Less is more!
Hv a great weekend!!

May 5, 2018

Note

May 5, 2018

Note

BTC is going to follow the red arrow to hit the blue zone first.

May 6, 2018

Note

On daily chart, the last red candlestick has not finished yet.
A slight RSI DIV has appeared.
However, BTC made a new high, so it has a new red trendline supporting its small bullish power.
To short BTC, we need more signal later to confirm.

May 6, 2018

Note

May 7, 2018

Trade active

May 7, 2018

Note

SORRY guys, did not say thats a short trade active.

May 8, 2018

Note

Just to remind that nothing has changed yet.

May 8, 2018

Note