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SRV

BTCUSD Waves. Under the microscope.(09.10.2017)Good morning. Yesterday, we sold 90% of the total position at 4590. Bitcoin continues to form the C (orange) wave in a possible bullish "wedge" model. To confirm a good chance of growth, you need a touch / break through the level of 4700 and the wedge boundary. Now we assume that 5 wave upward movement is formed, and internal wave 3 (blue) is over. We are waiting for the price correction to 78.6% Fibonacci. Consider a cautious purchase from the level of 4520-4500 with Stop Loss 4460. The target area for closing the long position is 4700.
Long
by SRVgroup
2
BTCUSD Waves. Under the microscope.(08.10.2017)Yesterday we wrote that a triangle is formed in wave B (orange), and you can buy a break in the direction of growth. We did this earlier (by 4350), because saw the completion of the local correction and the retreat of sales. Now we are in the emerging wave C (orange), and while there is a risk that the price may pounce from the level of 78.6% (4500) Fibonacci. In order for the bullish variant to be further realized (the campaign is above 5000), it is necessary to break through / touch the price of 4700-4800. Otherwise, we can get the continuation of the senior correction and the beginning of the downward movement in the region of 3000 and below. We will closely monitor the behavior of the price. Perhaps the development of a new local correction or a trend change. For latecomers, it is recommended to work from price correction with a short Stop Loss.
by SRVgroup
BTCUSD Waves. Under the microscope.(06.10.2017)Presumably the diagonal triangle is formed in the direction of growth. The key barriers that were important to us (4250.4350), are broken, and now we are looking to buy. Because we drive this movement in wave 5 (violet), as the final model for growth, we will be extremely cautious in decisions with a set of positions. The reason is very simple: the movement can be very sharp, with the same rapid decline in prices. Purchase at correction to 4250 (4350 at growth above from current values). Work with a short Stop loss.
BITSTAMP:BTCUSD
by SRVgroup
BTCUSD Waves. Under the microscope.(05.10.2017)We made a refinement of the markup of bitcoin and a shift in the timeline to level 1 older. We assume that the upward movement has not yet emitted steam and is able to form a bullish model in the form of a wedge in the direction of growth. The possible boundaries were indicated by a dotted line of black color. We want to see the penetration / touch of the price level 4680. This will give more confidence in the bullish mood. However, the price began to form a steady movement to decline. We do not exclude that the wave B (red) of the senior correction is finished at 4400, not having achieved the correctional level of 4500-4550, and now we are waiting for a further decrease in the region of the previous decline - 3000 and below. We follow the course of events and, as the situation changes, we will give comments.
BITSTAMP:BTCUSD
by SRVgroup
3