A really bullish BTC scenario with an implied new ATH today.
I have no good experience with Elliot waves, so I might be doing it wrong, though.
I have no good experience with Elliot waves, so I might be doing it wrong, though.
Trade active
Perfect entry right now. Note
Now pushing through resistance. A nice target for today would be $4350. Note
This idea about the big channel does not seem to work out. We can be a bit lenient and move the uptrend line, but no big push so far.I'm still bullish, since BTCUSD forms a smaller uptrend channel:
Trade closed manually
The second and third push into the resistance failed to gain enough volume. Pullback below $4200 is likely and an even further drop is posible. Exiting now with small profit.Note
Twenty minutes later it pumped up and hit my target. Sucks.Note
Still bullish. Looking for another entry. Note
That dump has thoroughly invalidated my game plan. Now it looks very ambiguous.The hourly chart looks bullish:
The daily chart looks bearish:
Either, we see a strong push and a new ATH soon or we should dive down during the next days like $3500 or lower.
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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.