BTCUSD: Elliott Waves Intraday Trading
I continue to edit the trading plan as the price decreases.
I made adjustments to the markup of wave levels:
- on the one hand, the price decline may continue within the framework of wave 5: within the framework of this scenario, some kind of corrective model will probably be formed within the local 4 wave (where can consider opening a short position);
- on the other hand, the decline may end soon, and the price will form wave 1 (where can consider opening a long position) within the expected wave C of wave 4, the formation of which may be not completed yet.
In general, there are options for conservative actions with good risk-to-reward ratios. The main thing is not to rush and open positions by using good price patterns.
Best Regards,
CEO Tornado Capital
I made adjustments to the markup of wave levels:
- on the one hand, the price decline may continue within the framework of wave 5: within the framework of this scenario, some kind of corrective model will probably be formed within the local 4 wave (where can consider opening a short position);
- on the other hand, the decline may end soon, and the price will form wave 1 (where can consider opening a long position) within the expected wave C of wave 4, the formation of which may be not completed yet.
In general, there are options for conservative actions with good risk-to-reward ratios. The main thing is not to rush and open positions by using good price patterns.
Best Regards,
CEO Tornado Capital
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