BTCUSD is still in a bigger correction. We are expecting breakout.
Ho you can trade on this chart.
1. Watch for the breakout and buy.
OR
2. look for short term sell with in the pattern and let the price hit the bottom and then look for buy at the bottom.
In case price starts to fall sharply then it will change the buy setup on new low. Then we will watch price action at bottom before we start to buy BTCUSD again.
Price ranges are getting very tight on Bigger time frame . We are about to see breakout on BTCUSD for longer term.
Good Luck
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Comment
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Nice breakout. Watch for 15 minutes correction look for more upside.
Comment
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Please support the setup with your likes, comments and by following on TradingView thanks
That comment about "buy the break out" above in your chart...you pretty much told people to get in on the last leg, weave 5 of the pattern that started at 6340. I think people need to learn to count elliott waves. now there's going to be another leg up for the 3rd set of waves in the sequence and then 3 sets down.
PeacefulWarrior
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CAN
Crypto_Analytics
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Its clear for me, we are in a rising wedge. I expect some more upwards movement the comming days but then we will fall out of the wedge.
cyberluck
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@crypto_Kef, yup, I see elliott waves, 3 sets for impulsive wave then 3 sets down which is what you call a fall out of the wedge. This pattern started at 6340
TheAlphaTrades
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Thank you for your consistently good, unbiased analysis!
Here's the morning BTC analysis for September 28. In this analysis I discuss the random pump yesterday | $6800 double top | Bullish scenario | Bearish scenario: