BTCUSD reached equal leg and we got it, see what's next!
Updated
Hi everyone,
Still busy with some side project and no time to post properly consistently but everything will return to normal on 04/06/2018
So, as I had 30 minutes this morning here is an update on BTCUSD and a bonus with the 15min chart as well.
BTCUSD 1H ASIA UPDATE - 30/05/2018
The sequence from 21/05/2018 high is completed at 7,026.90 and so is the cycle from 15/05/2018. By extension in 4h, I call cycle from 9,948.98 ended. This means that as long as 7,026.90, we should see higher in a motive 5 waves structure to aim for 10,546.65-11,377.31 with direct challenge of 11,780 (and possible extension at 12,721.86) - swing trade following setup in 4h time frame and execution in the 1h.
However, only a break of 9,948.98 will confirm the low in at 7,026.90 (refer to 4h chart).
Invalidation level to the upside is 7,026.90.
For those who did not buy the extension yesterday, you may try the retracement or better the extension in the 15min chart (only because we have a motive 5 waves in 15min from 7,026.90).
This is not my trading style so I do not recommend to trade the 15min but here is a chart to show that it's possible (if you can see that on time and stay in front of your computer the all day …)
Trade safe
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 28/05/2018-03/06/2018, no chart exceptionally
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Still busy with some side project and no time to post properly consistently but everything will return to normal on 04/06/2018
So, as I had 30 minutes this morning here is an update on BTCUSD and a bonus with the 15min chart as well.
BTCUSD 1H ASIA UPDATE - 30/05/2018
The sequence from 21/05/2018 high is completed at 7,026.90 and so is the cycle from 15/05/2018. By extension in 4h, I call cycle from 9,948.98 ended. This means that as long as 7,026.90, we should see higher in a motive 5 waves structure to aim for 10,546.65-11,377.31 with direct challenge of 11,780 (and possible extension at 12,721.86) - swing trade following setup in 4h time frame and execution in the 1h.
However, only a break of 9,948.98 will confirm the low in at 7,026.90 (refer to 4h chart).
Invalidation level to the upside is 7,026.90.
For those who did not buy the extension yesterday, you may try the retracement or better the extension in the 15min chart (only because we have a motive 5 waves in 15min from 7,026.90).
This is not my trading style so I do not recommend to trade the 15min but here is a chart to show that it's possible (if you can see that on time and stay in front of your computer the all day …)
Trade safe
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 28/05/2018-03/06/2018, no chart exceptionally
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Note
Pelase refer to this Idea in education as we break higher here.Trade safe
Note
for the 15min time frame, check the updated chart by clicking on the previous comment
Note
Hi everyone,Asia update nothing has changed in view in the 1h, levels have now been updated...
Cheers
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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.