StefanBode

#Bitcoin - 2 Idea's #BTCUSD

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StefanBode Güncellendi   
BITSTAMP:BTCUSD   Bitcoin
Following idea for Bitcoin with 2 variants.

No.1: Short return to (e) and then break out upwards.

No.2: Potential bear trap (abcde would then be void and the run down would be 5-wave as c) and thus possibly about $1,000 rewind and then surprise the bears with a strong rise.

No. 1 is CRR too bad and therefore not tradable for me.

No. 2 would be in the example shown a CRR of 3.49 to 1 and thus in the rulebook. Optimum entry would then have to be sought, depending on the wave 3 of c.

Good luck and happy trades

Stefan Bode
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For a presumed 3, no dynamics appear to me on the BTCUSD. Without dynamic a move of a wave 3 is also unlikely. Therefore, long positions should be hedged at entry. In any case, my target range has not been reached and therefore I will stay out of the Bitcoin at midday.

P.S. What does not want to rise, may want to fall.
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Be careful. No closing above $ 8.000!

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