BTC - ADAPTIVE TRADING IDEAS

Dear Traders and Hopeaholics alike,

as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) you all laughed at me last time... but that is ok I am used to it and enjoyed all the HA HA HAs from here to the BTC Target...

I want to talk to you today about Adaptive Intelligence and why it is SO important in trading!

"It is not the most intellectual or the strongest of species that survives; but the species that survives is the one that is able to adapt to and adjust best to the changing environment in which it finds itself.
Charles Darwin"

Being able to not have a fixed narrative in trading is vital when the trade goes the opposite way to how you are actually trading. Being able to cut your losses and move forward is crucial. Knowing when to activate the STOP LOSS is essential in order to preserve your funds. Before entering any trade have strict rules, and never deviate from the plan, if the trade goes against you, make sure you assess exactly what went wrong before entering a new trade.

I want to look at some alternate possibilities from my last chart, and why you need to know this!

THE TECHNICAL STUFF
On the chart I have an Elliott Wave PIVOT breakpoint of $8,425. This is an important region if we get there, as this would take the current wave 4 and the waves would cross.

A correct Elliott wave count must observe three rules:
Wave 2 never retraces more than 100% of wave 1.
Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.
(Source wiki/Elliott_wave_principle)

Therefore if $8,425 pivot is to be breached by anything more than a wick on higher timeframes, we are in a different uptrending pattern. Also as per last TradingView update, $4,500 is the LONG TERM SUPPORT region, breaking this region could be disastrous for BTC and the crypto economy as a whole, so not something I am hoping happens.

A strong indicator of reversal will be the ability of the whales to push this pattern to the $9057 region. If we reach this area there is a strong possibilty 13 K is on the way!

On this chart we also have STRONG MONETARY SUPPORT in 2 REGIONS shown on the VPVR (Volume Profile Visible Range Indicator)

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There are no guarantees in trading, but I want to make you all aware of this possible scenario BTC is showing right now... It may amount to nothing, but it also may change the direction of the entire market...

BRINGING HOPE! (And as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS that's what I do!
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If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.

So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3

Comment:

There is strong diagonal resistance at $7,500

Comment:

BTC is at wedge resistance. Whale play pushes this out of the wedge with a retest as support

then a push to $8,400 Pivot

Comment:

BTC could be about to push through this resistance. We will know very soon if moving higher or if this is a consolidation point as shown on the chart

Comment:

My bias is still currently long until we break support as shown on chart

Comment:

CLOSE UP ON THE WEEKLY

shows our BULLISH pivot is very possible

Comment:

BTC is starting to look like a LEADING DIAGONAL pattern
which will take us to the BULLISH pivot (and hopefully beyond)

Comment:

We are closing in on the BULLISH PIVOT at $8,425
if we can break this region LONG TERM RESISTANCE is $10,200

Comment:

BTC So apparently something happened while I was sleeping... 🤑🤑🤑
MAGNETS and ROCKETS FULLY ACTIVATED
🚀🧲🚀🧲🚀🧲
I have marked resistance zones, we are at one now - $10,200 is the Target which is long term resistance
$10,495 with FOMO added 🤘🤓🤟