BTCUSD: Elliott Waves Intraday Trading
And yet, the price touched the critical level of cancellation of bullish expectations, and I did not open a long position due to the absence of a breakdown of key resistance levels.
At the moment, I have made adjustments based on the continuation of the possible dynamics.
Intuition suggests that sharp fluctuations towards the $23,000 level and a test of an important Fibonacci level are still possible (this scenario reflects the structure of wave 4, within is likely to forms a WXYXZ model).
In addition, I do not rule out a continuation of the decline within the impulse of wave 5, the structure of which I will refine as the decline(I plan to open a short position on the expected waves 4 with the goal of at $16,500).
Best Regards,
CEO Tornado Capital
At the moment, I have made adjustments based on the continuation of the possible dynamics.
Intuition suggests that sharp fluctuations towards the $23,000 level and a test of an important Fibonacci level are still possible (this scenario reflects the structure of wave 4, within is likely to forms a WXYXZ model).
In addition, I do not rule out a continuation of the decline within the impulse of wave 5, the structure of which I will refine as the decline(I plan to open a short position on the expected waves 4 with the goal of at $16,500).
Best Regards,
CEO Tornado Capital
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.