weslad

BTC has high possibility of a leg up towards 5800$

BINANCE:BTCUSDT   Bitcoin / TetherUS

Market structures look like we are about to reach potential end of possible ABC move on BTC . Series of bearish signal starting to show up on the chart such as Bearish divergence, spotted 3-drive reversal pattern as well with Adam and Eve target been achieved all these signal a strong reversal or a potential retracement incoming.

The core trading ideas will be to focus on all the support level as all are potential Long entry for scalping purpose till we are sure of the next BTC move.

Two things are possible either we have correction and market continue its bullish way or we go another 5 wave down from here.

The post will be timely update as market develop.

TRADE IDEA:

I will look to Long BTC in the range of 5000-5155$ with tight stop loss and aim at 5725-5800$.
Trade active: This is the post where I talk about Adam and Eve with their target zone well labelled

Comment: Present situation shows bg bearish formation in progress with indicators making Lower Low while the price is heading higher that is a basic weakness on the BTC strength.

Trade active: Elliot wave perspective of the current market shows we are in possible wave 4-5 with price completed sub wave 1-2-3-4 and we are going for the last leg up which is sub wave 5 of wave 5. I believe after the completion of this leg we will have huge drop.

Trade active: Hey guys i spotted an opportunity on BTTBTC and this may worth accumulating for a long time investment.

Trade active: HotBtc approaching strong zone, keep an eyes on it

Trade active: DENTBTC is having nice pump righ now, I have this coin spotted with a nice entry accumulation zone.

Trade active: The journey for the last leg up is in progress.

Trade active: Going as expected. We have immediate resistance towards 57XX area

Trade closed: target reached
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LIKE LIKE LIKE!!! Thanks amigo
Reply
I can't agree with your judgement more, weslad.
What annoys me is can Thether (USDT) being used as measure scale any more?
Here is my thoughts: What does USD mean in Crypto World? Is BITFINEX Heaven or Hell?
Reply
weslad go8686
@go8686, thanks for sharing your view, anyway you dont have to agree with my view, but we all know how big guys utilizw tether. So if you are very much long in this game all this tether speculation should not be a surprise to you. Rather know its their game for market manipulation
+1 Reply
go8686 weslad
@weslad, There is always something I don't see, that is what game is appealing. Thanks
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Bitcoin (BTCUSD) Price Spread Between Exchanges Becomes Bigger ($325 USD, Risk Increases)

See here:
Reply
weslad alanmasters
@alanmasters, thanks for sharing with us
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weslad meredas
@meredas, thanks for sharing with us
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First of all, to make a leg upwards, it has to crack a pretty strong level just below the $5,400. There are historically worked Bitcoin price level, Fibo golden ratio and etc.

Short-term market structure is also a bit bearish side so, let's see!
Cheers!
Reply
weslad VaidoVeek
@VaidoVeek, thanks for sharing with us, both sides of the market has huge support and resistance, let see how this will develop in the nearest day to come
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