BTCUSD: Elliott Waves Intraday Trading
The price of bitcoin continues to be in the expected correction of the upward movement.
It is likely that a WXY wave pattern could have formed, after which a fast growth can be within the wave 5 of wave C, or within the wave 1 of wave 5 (also, an ascending wedge has already formed on the M5 timeframe, on the breakdown of the maximum of which I will enter the long).
Or I will buy at the limit level of $21,000 with a stop loss of $20,700 (if the correction continues), and I will consider short sales in case the end of the local 5th wave above $22,500.
Best Regards,
CEO Tornado Capital
It is likely that a WXY wave pattern could have formed, after which a fast growth can be within the wave 5 of wave C, or within the wave 1 of wave 5 (also, an ascending wedge has already formed on the M5 timeframe, on the breakdown of the maximum of which I will enter the long).
Or I will buy at the limit level of $21,000 with a stop loss of $20,700 (if the correction continues), and I will consider short sales in case the end of the local 5th wave above $22,500.
Best Regards,
CEO Tornado Capital
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