I just drew some lines to understand price action on the cryptocurrency and this is what I got.
Not predicting anything here but I know little bit something about Elliot wave theory and after retracement to 8000, the price has found nice support at 8700 with a 'correcting up-trend triangle formation'.
I will open a long position from 8700 to 10000. Whenever that price is reached.
Not predicting anything here but I know little bit something about Elliot wave theory and after retracement to 8000, the price has found nice support at 8700 with a 'correcting up-trend triangle formation'.
I will open a long position from 8700 to 10000. Whenever that price is reached.
Trade ativo:
The trade position automatically opened at 8705. S/L at 8400.
Will update as the trade goes on...
Will update as the trade goes on...
Comentário:
How simple lines can give so much of an insight
How simple lines can give so much of an insight
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about BTCUSD
Price rejected at 9000 from the trendline named move 1. We need to be extremely cautious and see if 8700 support holds.
In case 8700 is broken, then I may close the position.