BTCUSD: Elliott Waves Intraday Trading
The price of bitcoin found support around $19,000.
I have edited the local wave levels, and there remains the possibility of a second decline within the local 5th wave.
In general, the situation is ambiguous.
On the many altcoins now have zigzags formed after an impulse recovery at 4 weeks ago, which indicates a possible start of a sharp price increase.
It is not yet clear whether these impulses will be part of corrections, or whether this will turn out to be the birth of a new protracted growth cycle.
In summary, I can say that I am inclined to aggressive purchases and closely monitor the dynamics of some coins (including Bitcoin), the price of which has formed beautiful patterns, and the structure of the waves allows me to plan very carefully to take trading.
P.S. You can explore my past ideas with trading plans for ZRX and DOGE .
Best Regards,
CEO Tornado Capital
I have edited the local wave levels, and there remains the possibility of a second decline within the local 5th wave.
In general, the situation is ambiguous.
On the many altcoins now have zigzags formed after an impulse recovery at 4 weeks ago, which indicates a possible start of a sharp price increase.
It is not yet clear whether these impulses will be part of corrections, or whether this will turn out to be the birth of a new protracted growth cycle.
In summary, I can say that I am inclined to aggressive purchases and closely monitor the dynamics of some coins (including Bitcoin), the price of which has formed beautiful patterns, and the structure of the waves allows me to plan very carefully to take trading.
P.S. You can explore my past ideas with trading plans for ZRX and DOGE .
Best Regards,
CEO Tornado Capital
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