Bitcoin
Pressure says on whilst trapped within the impulse wave.
Should hit 6928 soon and make a bounce...if short great - stay
that way until Bitcoin can escape the parallel on the upside,
whenever that comes (track it on 15 minute) and close out
and go long for quick bounce to old support...
That's Ok for day-traders, maybe, but swing traders are
still advised to sit tight for now until dust settles.
Depending on how slick you want to trade this wave, and spreads,
the impulse wave will have 4 hits on the downside before it loses power
usually - and each touch on the lower parallel is a closing point
(short term for the big houses running this thing now)
and a selling point when it touches the upper parallel.
4 times each side, 8 trades. But you need tight spreads,
hence it's a game for Goldmans.
Pressure says on whilst trapped within the impulse wave.
Should hit 6928 soon and make a bounce...if short great - stay
that way until Bitcoin can escape the parallel on the upside,
whenever that comes (track it on 15 minute) and close out
and go long for quick bounce to old support...
That's Ok for day-traders, maybe, but swing traders are
still advised to sit tight for now until dust settles.
Depending on how slick you want to trade this wave, and spreads,
the impulse wave will have 4 hits on the downside before it loses power
usually - and each touch on the lower parallel is a closing point
(short term for the big houses running this thing now)
and a selling point when it touches the upper parallel.
4 times each side, 8 trades. But you need tight spreads,
hence it's a game for Goldmans.
Trade active:
anyone watching the 1 minute chart parallels of the impulse wave? Beautiful