BTC, good setup to enter short

27 apr 2018

BTCUSD

Hello Traders, recently price has broken through the minor support line and back-tested it. What interesting is that the level at which it touched the support line( resistance line now) is the 61.8% retracement from the last move down.
Additionally by counting the waves it seems that we are about to complete wave B and enter wave C. I am opening short and placing my stops right above wave 5, my first target will be at 8600, where we had the completion of wave A. I am expecting price to continue to fall further and test the major support line where I've placed my second target( around 7400)

29 apr 2018

Nota

Looks like a harmonic pattern has formed

30 apr 2018

Nota

Price has been oscillating over the weekends, the last local high didn't exceed the level of point D. Now the support line drawn through the A-C is the key, when it brakes the prime scenario will unfold. My targets and s\l remain in the same place.

1 mag 2018

Trade attivo

A-C support has been broken, main scenario in progress, I am expecting the major support line to be reached within next couple of days.

1 mag 2018

Nota

1 mag 2018

Nota

11 mag 2018

Trade attivo

24 mag 2018

Trade chiuso: obiettivo raggiunto