If a falling wedge appears on ETH, I am going to open a long.
I am in a short and the current rising wave could be either an impulse or a zigzag. So I have closed the half and will hold the rest if BTC keeps falling. If it draws an impulse, I will close the current short at the entry price and reopen a short at the end of the impulse.
I am analyzing the current big pump wave from $15.5k to $74k... There are several possibilities. I am uploading one by one.
I feel like the current rising wave is getting ended and this would be a good short entry possibly.
I have uploaded my viewpoint which says BTC will drop to GETTEX:52K level at least.... So here is my trading plan. However, will consider a short if enough rising correction appears too.
If BTC moves like this, I will open a long and this would be the last possible long entry. If this positions ends at a loss, I will re-analyze BTC chart.
I still think wave 5 will appear until the current low $59,600 gets broken and will open long positions like the image.
No trading plan for now and will upload as soon as a possible position entry point appears. Nobody knows what will happen in the market but I am expecting this scenario because this probability is the biggest.
No plan for today. I am still holding the short and will switch to a long if a long entry appears. My viewpoint on HTF is still long until the current low $59,650 level gets broken.
BTC is forming a symmetrical triangle. I have a short position currently and will switch to a long on the triangle upward breakout.
I am seeing 2 possibilities... One is that a rising zigzag has been completed and its correction appears. The other is 1-2-1-2 scenario.
I am seeing a rising wedge on ETH.... Is this a leading diagonal? What do you think guys?
I think the wave 4 has got ended and the wave 5 is starting getting drawn. If BTC draws this pic, I will trade like in the image.
Will enter a short on the current low breakout. I have uploaded a long idea on the falling wedge, and I will switch to a long as soon as the wedge gets confirmed.
If a small rising impulse appears, I will enter a long on its correction.
The triangle scenario finally got broken and looks like this scenario is available in terms of rising viewpoint. However, in terms of falling viewpoint, a big running flat scenario is possible too.
Nobody knows what picture BTC would draw but I think this is the highest possibility.
I have a short position currently and thinking of switching to a long when the price breaks the triangle like in the image.