5th April Bitcoin - Intuition Long
I call this an intuition trade, after some thought I think we are at a bigger correction than I was expecting. Will post the chart below.
Tight stop
Price 6650
SL 6500
Target Above 7500
Tight stop
Price 6650
SL 6500
Target Above 7500
Note
The SL is at 6500, I drew the box wronglyNote
What I am thinking is that we are at a bigger ABC correction like the one that happened at March 9-12. And we have just finished the B wave down and going up for the C wave to above 7500 before the bigger fall.
If 6500 is broken, we will go down.
Note
I do not trade elliot waves, but I use them to make sense of the market when I am confused.Note
With the down move that surprisingly missed my SL by $1, everything is clear for me. There will be a continuation of the downmove, and there will be another push to 6900-7100 area where I will short for the down move to 6200 and below.
Price 6650
SL 6500
Target Above 6900
Note
Closed trade at 6900, now looking to short.
This was a lucky trade, price missed my SL by 20 cents, but even though I was wrong in my intuition trade, but I did not lose money, that is good enough. Now looking to short.
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