BTCUSD at crossroad to determine next couple of weeks.
Updated
Yellow box and lower with RSI divergence in place, motive 5 waves to the upside from 6,427.16 and then green 2 is a buy. Otherwise BTCUSD is escaping. If it happens, will buy any corrective 3 waves pullback.
There was no way to catch alt 2 green in 1h. So, if I did it would have been in 15min intra-day but I'm a swing trader...
As a reminder, BTC should continue to be outperformed by most altcoins ...
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
There was no way to catch alt 2 green in 1h. So, if I did it would have been in 15min intra-day but I'm a swing trader...
As a reminder, BTC should continue to be outperformed by most altcoins ...
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Comment
bitcoin follows the path. Now watching what is the corrective structure.Sequence from 8,815.91 low is completed and need confirmation for all cycle from 8,647.29 to be called completed.
Note that second leg is within equal leg area as called and is failing to be beyond 161.8% (meaning not the super trend in a motive wave).
And crossroad is ahead of us. So, any scenario, one should know what to expect as path is drawn and levels will be in 1h time frame.
Comment
so far so good. Now, market makes a choice.Comment
Sorry for no update but been away from screen for 2 days.However, there were no need to be in front of the screen because...
Perfect call on the view and count.
Path was given and now need to be a bit more patient for completion of final leg lower sub 9000.
Still dont sell. Will update charts and level to buy later in Europe.
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