CRYPTO of the week BTCUSD still in play - expect choppiness
BTCUSD 1H ASIA UPDATE - 15/05/2018
Bitcoin held 8,208.81 and as long as this level stands we should see a challenge of 9,393.00 and 9,948.98. Until those levels break, I expect choppiness. Preferred view is cycle from 8,208.81 is ended at 8,900.90 but this cycle can extend in a leading diagonal as well. So I am in position from 8,418.64, stop 8,205.00 and won't touch anything for now.
Invalidation level to the downside is 9,948.98
Invalidation level to the upside is 8,208.81 for now.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 13/05/2018-19/05/2018, I propose BTCUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Bitcoin held 8,208.81 and as long as this level stands we should see a challenge of 9,393.00 and 9,948.98. Until those levels break, I expect choppiness. Preferred view is cycle from 8,208.81 is ended at 8,900.90 but this cycle can extend in a leading diagonal as well. So I am in position from 8,418.64, stop 8,205.00 and won't touch anything for now.
Invalidation level to the downside is 9,948.98
Invalidation level to the upside is 8,208.81 for now.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 13/05/2018-19/05/2018, I propose BTCUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Comment:
While doing my daily video, was reviewing alternate view if upside delayed. So I share it here.
Comment:
of course, purple count in green -3- would be different - extract while doing the video. Any questions, please ask in comments
