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HurricaneCapital
Jul 10, 2022 9:06 AM

BTCUSD: Elliott Waves Intraday Trading Long

Bitcoin / U.S. dollarBitstamp

Description

The price of bitcoin continues to be in the expected correction of the upward movement.

It is likely that a WXY wave pattern could have formed, after which a fast growth can be within the wave 5 of wave C, or within the wave 1 of wave 5 (also, an ascending wedge has already formed on the M5 timeframe, on the breakdown of the maximum of which I will enter the long).

Or I will buy at the limit level of $21,000 with a stop loss of $20,700 (if the correction continues), and I will consider short sales in case the end of the local 5th wave above $22,500.

Best Regards,
CEO Tornado Capital
Comments
Tradersweekly
Thanks.
HurricaneCapital
@Tradersweekly, You are welcome
AtlasTrades
Thank you for your BTC/USD idea! I hold some position
HurricaneCapital
@AtlasTrades, My pleasure
gz1968
Your diagonal is invalid. 1 is an abc. 3 is a wxy, and 5 is an impulse. 5 cannot be an impulse, if 1 and 3 or not impulses. Invalid.
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