You can take them all as long as you know how to properly calculate your risk per trade. rest assure that all trade setups has a great risk reward ratio
BTC Macro still on track
Nested wave 1 and 2. This is my roadmap as long a we stay inside the channel and above monthly pivot range.
Golden ratio fib extension of highest degree wave 1 and 2 is confluence to fib relations of micro 5th wave of macro 3.
https://www.tradingview.com/x/EqEuaG9K/
Nested wave 1 and 2. This is my roadmap as long a we stay inside the channel and above monthly pivot range.
Golden ratio fib extension of highest degree wave 1 and 2 is confluence to fib relations of micro 5th wave of macro 3.
https://www.tradingview.com/x/EqEuaG9K/
BTC Other bullish macro scenario
Either regular or running flat. Running flat is commonly found during Bullrun market base on personal observation.
https://www.tradingview.com/x/9oPZPiLh/
Either regular or running flat. Running flat is commonly found during Bullrun market base on personal observation.
https://www.tradingview.com/x/9oPZPiLh/
BTC Bigger picture
Bigger macro degree wave 2 as complex correction with Mono wave X inside. Mono wave always in the same direction as last impulse that retraces less than 61.8% of the previous a-b-c structure.
https://www.tradingview.com/x/g1Ar6iUK/
Bigger macro degree wave 2 as complex correction with Mono wave X inside. Mono wave always in the same direction as last impulse that retraces less than 61.8% of the previous a-b-c structure.
https://www.tradingview.com/x/g1Ar6iUK/
Forget to update here I was busy setting up my discord server but still manage to scalp short the recent drop.
https://www.tradingview.com/x/WcI9vhlA/
https://www.tradingview.com/x/WcI9vhlA/
Before and after play yesterday before the weekend fuckery lol.
https://www.tradingview.com/x/cB2jwlqJ/
https://www.tradingview.com/x/cB2jwlqJ/
Look closely on binance wave 4 didn't touch the level of wave 1 and wave 3 as the longest wave so still valid impulsive count
https://www.tradingview.com/x/o9vWK8XR/
https://www.tradingview.com/x/o9vWK8XR/
State Of The Markets - 04/06/2020
Bitcoin:
The Weekly Candle has been closed and this has been the first Bullish candle in 7 Weeks. When you put it that way, you almost have to wonder where the last two months had gone. Last week the Bulls ran the price up to the 9 Weekly EMA as well as the 50% Fib from the previous Swing High. So far this week, we have just tested both of those same levels. The really important thing here is the Break and Close above the 6400 Zone. That was no small task as the previous 14 Days tried and failed pretty horrifically, leaving wicks that were each over a $1000 selloff.
A retest of the 6400 zone makes the most sense for Support moving forward. We continue to show support from the 200 WMA and a retest all the way down there does not seem appropriate at this time. For the Northern boundaries, it’s time to look to the 21 Weekly EMA at 7765 and the 618 at 7987 as real potentials for continuation. Flipping the 50% will be the first issue and the first things the Bulls would want to secure on the Daily.
The real test sits near the 50 WMA. It’s been awhile but try not to forget that we did fall out of a fairly massive trend a few weeks ago when Bitcoin decided that dropping 3K in a day was surely better than going to Disney World. The reality is that the first time we come to approach this trend from the Breakdown will likely result in a massive display of resistance. Surely, never a guarantee but highly probable. That level currently is perfect confluence with the 50 WMA. If we are to test it this week, the level is 8666, which is slightly above the 706 at 8576 and slightly below the 50 WMA at 8685.
https://www.tradingview.com/x/uUSbKAHx/
Bitcoin:
The Weekly Candle has been closed and this has been the first Bullish candle in 7 Weeks. When you put it that way, you almost have to wonder where the last two months had gone. Last week the Bulls ran the price up to the 9 Weekly EMA as well as the 50% Fib from the previous Swing High. So far this week, we have just tested both of those same levels. The really important thing here is the Break and Close above the 6400 Zone. That was no small task as the previous 14 Days tried and failed pretty horrifically, leaving wicks that were each over a $1000 selloff.
A retest of the 6400 zone makes the most sense for Support moving forward. We continue to show support from the 200 WMA and a retest all the way down there does not seem appropriate at this time. For the Northern boundaries, it’s time to look to the 21 Weekly EMA at 7765 and the 618 at 7987 as real potentials for continuation. Flipping the 50% will be the first issue and the first things the Bulls would want to secure on the Daily.
The real test sits near the 50 WMA. It’s been awhile but try not to forget that we did fall out of a fairly massive trend a few weeks ago when Bitcoin decided that dropping 3K in a day was surely better than going to Disney World. The reality is that the first time we come to approach this trend from the Breakdown will likely result in a massive display of resistance. Surely, never a guarantee but highly probable. That level currently is perfect confluence with the 50 WMA. If we are to test it this week, the level is 8666, which is slightly above the 706 at 8576 and slightly below the 50 WMA at 8685.
https://www.tradingview.com/x/uUSbKAHx/
Trading Edge
BTC Count is still the same and aiming for last leg up for micro wave 5. The trend is up and let it be our guide. A clean impusive count and abc pullback would mean we are on our way to our final leg micro 5.
BTC
We may have our last push to our target or weekly pivot. But I'm closing my long here.
We may have our last push to our target or weekly pivot. But I'm closing my long here.