BTCUSDT: Elliott Waves Intraday Trading
I have updated the trading plan and wave levels layout for bitcoin.
Overall, there is a possibility that the upward movement in wave 4 might have already ended and the bitcoin price is already heading towards reaching new lows.
I will act on the situation.
If the price falls below $22,000, I will open short on both bitcoin and other coins on a local upward correction.
If the decline ends at $22,000 (where it is possible to open a long position), the price will continue to form a more complex correction within wave Y of wave 4.
I advise opening positions only if good local trend continuation patterns are used.
Also check out my GTCUSDT trading plan for the near future -
Best Regards,
CEO Tornado Capital
Overall, there is a possibility that the upward movement in wave 4 might have already ended and the bitcoin price is already heading towards reaching new lows.
I will act on the situation.
If the price falls below $22,000, I will open short on both bitcoin and other coins on a local upward correction.
If the decline ends at $22,000 (where it is possible to open a long position), the price will continue to form a more complex correction within wave Y of wave 4.
I advise opening positions only if good local trend continuation patterns are used.
Also check out my GTCUSDT trading plan for the near future -
Best Regards,
CEO Tornado Capital
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