in the last idea we considered with you the initial diagonal triangle with 5 waves, which gave us a signal in a long position. Happened obvious upward momentum was further testing of the 1 flag and the night I gave you the goal on the chart
Nota
and as you can see from it, we also got 6% profit and this is not the limitNota
at the moment I suggest you to work out the flag. It's part of yesterday's setup. And often the price goes up these pulses. The flag is a short correction. And at the moment it is completely ready, it is possible even now to enter to increase the profit
Nota
And we have bullish divergence at 15M and 1H - our main timeframes for daily trading
Nota
in fundamental terms, everything is good, the main thing we received positive news from the G20Nota
it also looks very similar to the upside is not divided into 5 parts. So, we are missing one more wave up, and then may be followed by a correction. So advise already soon to start thinking about closing the entire positionsNota
Nota
I must tell you that it turns out we have another triangle, and this means the upside is still expected. On BitMEX I don't see it, there is a flag. On Bitfinex BTC USD triangle, or even a pennant
Nota
BITFINEX targets
Nota
BITFINEX
the pattern didn't work and turned into a wedge with output down. Therefore, I always recommend to go for a break. I've been out of the game, so no losses
Ordine annullato
BitMEX
The flag didn't work and went a break down. Therefore, I always recommend to go for a break. I've been out of the game, so there are no losses. The next support levels. There is also bullish divergence on the clock. So maybe it's wave 4, the long script is still relevant
Nota
however, if the price breaks through this support zone, the wave structure will collapse and we "may" waiting for a negative scenarioNota
if will punched 1 wave of momentum, then I will to think over short positionNota
Short
Nota
the support worked out after finishing the wave 3, but the price still broke the wave of growth. Therefore, when rolling back, you can enter the short according to your strategy. I'll refrain from the position
Nota
I wonder does the bitcoin destroyed of the wave structure in both directions, do not be surprised if we are in the stage flat. You can also see the expanding wedgeNota
Hmm, the wave structure is a little collapsed, but the price finished an impulse. There will be a correction now. In the area of buyers can be considered long. Or go to long about the penetration of the neck of the head and shoulders, which we consider in the following idea
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.