BTCUSD - 1H UPDATE
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To followers and others, here is my perk: 1h BTCUSD as shared on Discord server with patrons earlier this morning:
There is no more bearish sequence in btcusd (does not mean that it is bullish and we should buy now in 1h just yet) as the cycle from 9,188.10 is now completed at 6,427.16.
Above 7,506.84, we would have a bullish sequence in 1h and setup will be given depending on the structure. Shorter-term, as long as above 6,863.00, we should see 7,422.13-7,554.08 and that will open the door for 7,589.68-7,844.48 at minima. Remember that I do not need a motive 5 waves up for the trend to resume in lower time frame, so on the break of 7,506.84, beware of equal leg area from the lower degree cycle as usual to buy the proper level.
Was not possible to catch green -2- but if price going below 6,863.00 be ready to buy equal leg area if it does not dip below 6,510.00 / 6,427.16. Otherwise, we will have to see a break above 7,506.84 to assess the situation. Will update in the trade-alert room.
Invalidation level to the upside is 6,863.00 in 15min cycle and more importantly 6,510.00.
To followers and others, here is my perk: 1h BTCUSD as shared on Discord server with patrons earlier this morning:
There is no more bearish sequence in btcusd (does not mean that it is bullish and we should buy now in 1h just yet) as the cycle from 9,188.10 is now completed at 6,427.16.
Above 7,506.84, we would have a bullish sequence in 1h and setup will be given depending on the structure. Shorter-term, as long as above 6,863.00, we should see 7,422.13-7,554.08 and that will open the door for 7,589.68-7,844.48 at minima. Remember that I do not need a motive 5 waves up for the trend to resume in lower time frame, so on the break of 7,506.84, beware of equal leg area from the lower degree cycle as usual to buy the proper level.
Was not possible to catch green -2- but if price going below 6,863.00 be ready to buy equal leg area if it does not dip below 6,510.00 / 6,427.16. Otherwise, we will have to see a break above 7,506.84 to assess the situation. Will update in the trade-alert room.
Invalidation level to the upside is 6,863.00 in 15min cycle and more importantly 6,510.00.
Nota
bitcoin has been pushing higher with rsi divergence in 1h, so I pushed the count as well - green -1- at 7,175.83. 6,863.00 was then irrelevant. Sharp correction in 3 waves only (5min), should see higher soonNota
ending up 5 waves down in 5min from high, so either FLAT from 7,157 with overshoot, or bounce from here and another low in double correction...buy FLAT, no, double correction hmmm...
Dagangan aktif
What's wrong with me? I said I would not buy the FLAT and I did on the last dip... The motive 5 waves up were too tempting, is it bad?. Stop below 6,427.16 and only 1% risk because I'm still a good boy!
Nota
reached 50% of previous cycle, so stop to entry (as it is few tens of $ above the low). Risk free position. Will post another idea with new count top follow up the position.
Penafian
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