My last assumption on BTCUSD was that it is in a wave 4 (primary) correction.
For that assumption to be true the target 653 and 590 must not be broken.
As it turns out, they were broken down very decisively, this is a good clean signal hinting at a major wave 2 correction instead. ( Which I've also mentioned in my list of possibilities)
These are the new targets to look out for, the first being the target for a primary wave 2 in case that isn't over yet (not very likely , and is already touched and broken once though it still hold in OHLC4 chart)
The last two at 61.8 and 78.6% retracement marks the correction targets for major wave 2 correction.
Trade with care.
For that assumption to be true the target 653 and 590 must not be broken.
As it turns out, they were broken down very decisively, this is a good clean signal hinting at a major wave 2 correction instead. ( Which I've also mentioned in my list of possibilities)
These are the new targets to look out for, the first being the target for a primary wave 2 in case that isn't over yet (not very likely , and is already touched and broken once though it still hold in OHLC4 chart)
The last two at 61.8 and 78.6% retracement marks the correction targets for major wave 2 correction.
Trade with care.
Nota
Price has reached pullback target for wave A (one of the many possibilities)
From here, watch closely, if target holds and price drops then it'll be a good place to short with minimal stoploss
If the resistance cannot hold then I'l have to re-analyze.
Still no position yet, waiting.
Nota
Earlier update is in the comment, I misplaced it there. This pull back is taking longer than I initially thought it would, missed opportunity to go long for a short period.
Dagangan aktif
Just went Short at 585.82 SL at 592.58
TP at 500
Nota
Sorry, shorted at 595 / SL at 598Nota
Continues to annoy.. lol. Volume have been confirming an uptrend though, watch out and set you stop losses well for short position.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.