CRYPTO of the week BTCUSD on a hot seat ... Options
BTCUSD 1H EUROPE UPDATE - 14/05/2018
bitcoin bounced as expected at equal leg area. the bounce was short lived and the sequence to the downside took the form of a FLAT with challenge of 8,286.57. As long as this level holds, view unchanged. If it breaks lower from there, count will be adjusted to a double correction.
As I'm already in a trade, I won't buy or sell here or higher but if the double correction happens (and I get stopped out) I will buy lower when structure will be known/
And where it can go wrong in 15min chart
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 bounced as expected at equal leg area. the bounce was short lived and the sequence to the downside took the form of a FLAT with challenge of 8,286.57. As long as this level holds, view unchanged. If it breaks lower from there, count will be adjusted to a double correction.
As I'm already in a trade, I won't buy or sell here or higher but if the double correction happens (and I get stopped out) I will buy lower when structure will be known/
And where it can go wrong in 15min chart
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.
