BTCUSD: Elliott Waves Intraday Trading
Unexpectedly for all traders, there was a local surge in volatility in the price of bitcoin.
To be honest, I never found a convenient point to enter a long position, although I expected that the price might start to recover.
Trading plans had to be slightly edited taking into account this price stick :)
In general, the price movement, as before, indicates the possible formation of several scenarios for the development of the situation.
I continue to monitor 3 trading plans, 2 of which indicate the possibility to enter a long position. Also, I take into account that the decline may continue and have a "ragged" appearance.
Buying is possible at current levels when a bullish pattern appears on small timeframes.
Short sales are relevant in the price range 20200-20500.
Good luck in trading, friends!
Sincerely, CEO Tornado Capital
To be honest, I never found a convenient point to enter a long position, although I expected that the price might start to recover.
Trading plans had to be slightly edited taking into account this price stick :)
In general, the price movement, as before, indicates the possible formation of several scenarios for the development of the situation.
I continue to monitor 3 trading plans, 2 of which indicate the possibility to enter a long position. Also, I take into account that the decline may continue and have a "ragged" appearance.
Buying is possible at current levels when a bullish pattern appears on small timeframes.
Short sales are relevant in the price range 20200-20500.
Good luck in trading, friends!
Sincerely, CEO Tornado Capital
Commento:
Forecast of the formation of local wave levels
