Chart made a simple u−turn toward a midle low peak of a HH peak.
Big waves (w−z) still ongoing. Even so, I'll start selling now to take the first bearish wave.
Big waves (w−z) still ongoing. Even so, I'll start selling now to take the first bearish wave.
- Fibonacci is on a LL and midle HH. This is a strong fibonacci support if chart bounce on the 100% level once so then it reaches 288% or even 461%. I'm using it for reversal prediction.
Trade closed: stop reached:
Analysis of my mistake: It was a blunder because I didn't follow what EURUSD was showing. It was in bullish and Bitcoin was following USD lead, plus, didn't have a present short goal until now. Volatility went high making more bullish movement; that wasn't predicted. I presume it happened so Bitcoin and EURUSD get synchronized because they weren't when Bitcoin was in bearish. I should study volatile time in relation with two or three markets so I don't get SL hunted.
Analysis of my mistake: It was a blunder because I didn't follow what EURUSD was showing. It was in bullish and Bitcoin was following USD lead, plus, didn't have a present short goal until now. Volatility went high making more bullish movement; that wasn't predicted. I presume it happened so Bitcoin and EURUSD get synchronized because they weren't when Bitcoin was in bearish. I should study volatile time in relation with two or three markets so I don't get SL hunted.
Comment:
This is EURUSD plan. Waiting for chart reach 300% fibo. E.W. the furthest 300% zone is from an unofficial E.W. but it's well constructed.
This is EURUSD plan. Waiting for chart reach 300% fibo. E.W. the furthest 300% zone is from an unofficial E.W. but it's well constructed.
Comment:
Just to show that I will be waiting for this as a confirmation for BTCUSD.
Trade active:
Weekend tends to be bearish for BTC. Since wz. waves are almost finish (second set), I'll start a trade now. Still, EURUSD hasn't reach price limit, so it's a little risky. Using fibonacci in certain peaks gives strong zones for SL position.
The TP would be the candles LL that haves high volume.
Another note is that small retracement is posible because chart may do an W at start of trend. Knowing this, SL can be move on profit when chances appears.
Weekend tends to be bearish for BTC. Since wz. waves are almost finish (second set), I'll start a trade now. Still, EURUSD hasn't reach price limit, so it's a little risky. Using fibonacci in certain peaks gives strong zones for SL position.
The TP would be the candles LL that haves high volume.
Another note is that small retracement is posible because chart may do an W at start of trend. Knowing this, SL can be move on profit when chances appears.
Comment:
Trade wise guys. 👍
Trade active:
It went down by a thousand pips but returned. Now that EURUSD market finished on an unfinished bullish trend, BTC haves a great opportunity to go bearish until monday. I expects giant bearish candles to form because wave analysis (based on colors) indicates that chart, after three waves, will continue bullish. On the contrary, a set of waves based on big waves (wyz waves) indicates that chart can make, instead of shadows, a giant wave that will seem as chart is moving sideways.
Having all in consideration, best to do is sell. If something went wrong, there's no need to worry since is going down even for a little (same idea I had in previous update).
Good and Peace 👋.
It went down by a thousand pips but returned. Now that EURUSD market finished on an unfinished bullish trend, BTC haves a great opportunity to go bearish until monday. I expects giant bearish candles to form because wave analysis (based on colors) indicates that chart, after three waves, will continue bullish. On the contrary, a set of waves based on big waves (wyz waves) indicates that chart can make, instead of shadows, a giant wave that will seem as chart is moving sideways.
Having all in consideration, best to do is sell. If something went wrong, there's no need to worry since is going down even for a little (same idea I had in previous update).
Good and Peace 👋.
Trade closed manually:
Went down another thousand pips and returned. This time I'll close trade because EURUSD is on the move toward bulls target. I'll wait until then.👋
Went down another thousand pips and returned. This time I'll close trade because EURUSD is on the move toward bulls target. I'll wait until then.👋
Another high votality has ocurred. This green candle will be of magnet later on. Retracement will be done toward the bottom of the green candlestick. If not in this retracement, it will be on next candle. If shadow is small, then it is expected a great bearish wave.
Note: EURUSD is still bullish. Since USD recovered, it may go even more bullish both pairs. I'm still targeting the retracement, but to stay safe, is better close trade on profit when posible.