Hello, everyone!
My last forecast on Bitcoin has been perfectly completed. I don’t want to be too self confident but it looks like I have now better understanding of the Trading Chaos by Bill Williams. It is the best motivation for me to continue studying and practicing this approach and I hope my articles are useful for you. What is next?
Let’s take a look at 1h time frame of the BTCUSDT chart of the WhiteBit exchange. Wave 5 reached the minimal target at $17400 where I have successfully executed short trade. I decided that wave 5 have been ended because of the divergence with the Awesome oscillator. Moreover the wave 4 minimal condition have been met – the zero line crossover on the AO. I wanna tell you that you should confirm Elliott waves with the AO, because without it there is the high probability of misunderstanding the waves counting.
The previous Elliott waves cycle have completed the corrective wave C and now I consider the new bearish wave 5 have been started. Watch out my analysis updates because the market is alive and we have to change our decisions when market shows us the new information.
Best regards, Ivan
My last forecast on Bitcoin has been perfectly completed. I don’t want to be too self confident but it looks like I have now better understanding of the Trading Chaos by Bill Williams. It is the best motivation for me to continue studying and practicing this approach and I hope my articles are useful for you. What is next?
Let’s take a look at 1h time frame of the BTCUSDT chart of the WhiteBit exchange. Wave 5 reached the minimal target at $17400 where I have successfully executed short trade. I decided that wave 5 have been ended because of the divergence with the Awesome oscillator. Moreover the wave 4 minimal condition have been met – the zero line crossover on the AO. I wanna tell you that you should confirm Elliott waves with the AO, because without it there is the high probability of misunderstanding the waves counting.
The previous Elliott waves cycle have completed the corrective wave C and now I consider the new bearish wave 5 have been started. Watch out my analysis updates because the market is alive and we have to change our decisions when market shows us the new information.
Best regards, Ivan
Not
You can also read my previous analysis to understand how I defined the reversal point:
İşlem aktif
Bitcoin is showing us the predicted dump. The next stop in my opinion will be at the $16200. There we will see.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.