BTCUSDT: Elliott Waves Intraday Trading
Updated
The price moved into the zone of alternative scenarios that I published earlier, but removed it from the previous publication, marking only the key level for changing the local trend.
After the price reached 20,900 (past overturn level) my stop orders were triggered to change long positions to short positions. I closed all short sales today with a small profit.
I always have a plan for the future, both for sales and for purchases, which take into account possible risks.
Briefly about the price and plans at today:
- I still have a basic scenario for the continuation of the price growth and, in general, its nature reflects the possible overcoming of the level of 60,000 by the price in the medium-term time range;
- The alternative scenario speaks of the development of a price correction, which can be different both in terms of structure and price range. I indicated the simplest option. Alternative options will be added as the situation develops.
Selling weakened, trading volume is reduced and the structure of the market indicates a possible start of an upward movement. I do not expect strong sales from current levels, and at the price levels 19600-19100 I will consider long.
Plan your trading carefully and you will almost always win!
Good luck, friends!
Sincerely,
CEO Tornado Capital
After the price reached 20,900 (past overturn level) my stop orders were triggered to change long positions to short positions. I closed all short sales today with a small profit.
I always have a plan for the future, both for sales and for purchases, which take into account possible risks.
Briefly about the price and plans at today:
- I still have a basic scenario for the continuation of the price growth and, in general, its nature reflects the possible overcoming of the level of 60,000 by the price in the medium-term time range;
- The alternative scenario speaks of the development of a price correction, which can be different both in terms of structure and price range. I indicated the simplest option. Alternative options will be added as the situation develops.
Selling weakened, trading volume is reduced and the structure of the market indicates a possible start of an upward movement. I do not expect strong sales from current levels, and at the price levels 19600-19100 I will consider long.
Plan your trading carefully and you will almost always win!
Good luck, friends!
Sincerely,
CEO Tornado Capital
Note
Trading plan with a quick change from long to short positions
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