Wave-Trader
Long

BTCUSD Buy the breakout of watch bottom for buy before breakout

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi everyone,

We are having another correction which is very nice watch for the breakout and look for buy on breakout.

In case if we dont see breakout then watch bottom for buy. Clear breakout if the previous low will invalidate the buy setup.

If we are going to see a bigger correction then we will look for the breakout of that correction as well same like this lower time frame.


Good Luck

Please support the setup with your likes, comments and by following on TradingView thanks
Comment: Correction is getting bigger so let the correction get bigger and then look for buy. I will update the chart soon with bigger correction
Comment: We are still on a correction for more upside. Watch for the breakout and look for buy.

In case if we dont see break up and this correction turns into much bigger then we will identify that correction and will look for buy.
Comment: Please support the setup with your likes, comments and by following on TradingView thanks
I had a question for your BTCUSD call, where do you believe BTC will top on the move upward? After that do you see it falling back down to continue its bear trend move.
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Bitcoin's correction may continue lower over the near term before a potential continuation to the upside could be seen. Here are the key levels to watch out for:
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Why are you measuring time bars? Is there a good use from those? How is it called?

I want to learn more time-tools, and i've seen you do those a lot.
+2 Reply
it would be great if you also mention major & minor support zones...!
+1 Reply
Walentine BobbyTips
@BobbyTips, he is only able to show two lines, there is little to learn...
+1 Reply
I will follow your idea, now TL breakout, so I go long
+2 Reply
Walentine Walentine
@Walentine, very bad !!! stop out!
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@Wave-Trader, Nice idea, but in my humble opinion (as I explained below) this "correction" wis going to last for months. The BTC market is just too big. The waves are huge. BTC price does not move abruptly in small waves like this, the global change of market direction & sentiment from bearish to bullish will take much more time to develop. It is not something that is imminent in the next few weeks. We are talking months here. ;-)
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Hi Wave-Trader... big fan of you and your charts man

I think its a short though..

can i post my chart like the other guys below?

sorry I'm not that famous like you, and I've got to make some effort to make people see me..





Short/6770/Oscillators divergence


thanks man
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