This is 100%pure speculation
***Do NOT Follow***
The safest way to play this is to wait til bitcoin price bottoms out (Wave5) which I have the bottom price around $5000 near the Weekly Trendline (Dark Blue)
xbtusd LONG Scalp Trade -
15M - 1H TimeFrame
Entry Prices | Stop Loss | Target Price ALL Clearly marked on Chart.
**Enjoy MORE Profits by placing a few Trailing Stops Once 1st TP is reached.
**Insight/Facts of this Life**
So We R looking at either the TOP of wave3 which is why we will wait for the retest of Trendline, and ladder Our BUY Orders Accordingly, Right.? Right!!
OR Possibly We R witnessing Subwave 1 of a New Market Cycle, BUT Im leaning 2wards 1st option personally. Nonetheless, My Invest Strat remains the same as follows.
Total BUY Zones (3): 2- Green & 1 -...
MayB time to Ride Wave 4 UP to 300 -400 Range then We may Go right back down some more to Complete This Market Cycle. & Then...... We BUY the BOTTOM!!!!
Buy Zone 120 - 140
Sell Zone 300-400
Stop Loss Under 100
Might B a good time to Open (small) SHORT Position in ETHUSD
SELL Price $183.15 - $ 183.50
Stop Loss: ABOVE $186.xx
*****Please, Practice Safe Trading.... & ALWAYS USE A STOP LOSS!!!!!*********
Yellow 'X' Marks - 100% Close SHORT
GREEN 'X' Marks - LIMIT BUY Orders for Scalp LONG Trade***
*** Possibly. Just My unProfessional Opinion
^^^^^^^^This is New Strategy 4 Me. Still working on perfecting accuracy. DYOR!! Follow At Own Risk!!!!