Stuck at large point of control. Fade ranges, use small stops and don't trade for large moves.
Here's a plan to start buying BTC gradually on a dollar cost basis without trying to time the market precisely. BTC has historically moved in booms and busts with the max drawdown from the prior top being at most 95%. This is the main reason I'm kind of expecting another leg down to the $1k to $2k region. BTC has also always printed a long rejection wick to the...
It dumped but not quite to the fib region I'm looking for. I expect it to go sideways once more for maybe 3 days to a week so I have no interest in grabbing on to it right now. The fib levels I'm looking for are on the chart in the Key Area. Target is the red right shoulder zone. Looking only to buy at the bottom of the range and get the best price possible....
Been watching for the break, it's in a 5th wave inside a 5th wave and is going much lower. I would have shorted it in the red box if there were a way to do so. Looking for this to form a catalyst to send btc lower also. Refer to attached chart for more analysis
I've been watching for an entry long on BNB. I had a long position a while back and sold it but was not able to get back in because of the lack of pullbacks. It has now gone parabolic and BTC looks like it's ready to pull back for a 2 wave so this would be a very bad time to buy BNB IMO. I would wait for weakness in BTC at the 2 wave point from the attached...
Basic plan is very similar to BTC. Looking for entries at colored boxes.
The recent upward move looks like the A point was only recently found. This gives better confirmation that the B point around 4000 is yet to come. My current plan is to SCALP long with a special interest picking up some coins around the 3774 point of control which is likely to form the 2 point of a 5 wave impulse up to the B point. Once at the B point I am...
Looking like at end of 5th wave. Only fomo traders are buying here. Easiest trade is to wait for B and short back to POC.
Target is value area low. Would ideally see ABC and be able to fade B down to C. Short bias but only scalping since must be wary of a pullback since it's not clear where A is on the chart. Once a big green bar forms it will be much easier to project the location of B and be more aggressive with shorts.
Looks like is in the start of a large ABCDE made of ABC subwaves. Probably going to be very choppy and not good to trade. Avoid.
Looking for bullish A point to bounce to B after 5 wave impulse. Catching a knife on A so look for double bottom that signals A is in.
Looking for choppy bearish ABC path back to POC. Seems to have just completed 5 wave structure or is close to it. Could still print some moves higher before actually starting the ABC. Probably more downside potential than upside. Fade ranges from above on low volume confirmation.
The ES seems to like the range between 2816 and 2633. It chopped around inside it for a while back in November and has returned. It recently popped its head against the VAH and dumped out. The next logical move would be a choppy retrace back to the POC. I have an ABCDE on the chart, the points are not arranged in any particular way, just the main idea is that...
If you're an Elliot chartist please leave your opinion in the comments below whether you think we've already found the B point. Basically I was thinking the B in ABC after the 5 wave impulse was yet to come around 4100. However it's starting to look like 3890 was the b point and we're already headed for C. Which do you think is more likely?
Expecting an ABC correction after the recent 5 wave impulse. We've probably already seen the A point. The B point will have the appearance of also being a right shoulder of a head and shoulders. This makes it more likely the B point will act like a bart and dump out to the downside quickly. I would not be surprised to see the C leg be formed by a 5 wave impulse...
The A point of the ABC retrace after the 5 wave impulse has probably printed in the accumulation region. I have been scalping alts long in this region with success. I am not holding long term here because I think the B point will be around the 4000 area and cause a bart or two downward. I will become much more interested in picking up cryptos for the long haul...
I am trading intraday with a bullish bias. However the week candle has now printed an incredibly huge rejection wick. This means BTC is not yet in a place where a long term bull trade is justifiable. That rejection wick is going to take a lot of buying pressure to get past which means tests to the bottom of the range are still very likely. Probably not a good...
It's dumped out enough that this is an area to look for wicks to fade and accumulate a long position for a longer term move higher. It has probably broken from the triangle with a 5 wave impulse and is in the correction phase where it consolidates for the next move. Expecting the 4100 level to be broken again within a few weeks.