A structure looking like a setup for long is forming, I will place a buy stop above the top and stop loss taking 1% of my account below the correction. Option 1: it goes as intended and TP is taken Option 2 : it breaks the low , so no trade is taken Option 3 : it takes me in and drops, in that case I lose 1%
Buy stop as shown on the idea. Risk 1% If it goes as planned once it crosses last top set BE I believe its an ABC for lower, but we could get this up move then see what the pair does All the best
I'm tracking the US30 for a possible down move to complete an E wave. I'll wait for confirmation before shorting. Good one to look out for.
I believe we are in corrective mode on the bigger picture. Lets see if it plays out. On the chart I have ABC with different colors relating to different degrees. I will be long only if we go below 6221 and my stop loss will be 5800 below the low of A. My target will be in the range of 6800-7100
Good luck guys.
This might be an early entry but I'm only risking a small percentage. I'll add more if it goes my way. Good luck , trade with care.
Hello crypto traders, My analysis shows a bigger ABC pattern , and within it a 12345 Elliot wave. MACD confirms and shows we are in the end of the B wave and will start C soon. I will risk 1% on this trade and update as we go. Its a 5:1 risk ratio , but I could update it during the trade. Position set to sell at the price indicated on the chart. Good luck ,...
I believe we could be in a ABC correction, as described on the chart I'll short at the price indicated. Should be a 5:1 , good risk to reward. Good luck
I believe we might have hit a bottom in bitcoin , however if the last low is violated then we are going lower. I'm going to buy with a stop loss below last low. My targets are on the reversals and I'll buy again until we break peak of 20k. Good luck everyone.
Hello Crypto traders, This is my idea on how I will be interested to enter BTC/USD on a long position I'm only risking 5% on my stop loss, please trade carefully and understand this is a market that will take everything if you let it. Honor the Stoploss and risk what you are willing to put at risk. I've studied many markets that had similar situations as...