BTCUSD: Elliott Waves Intraday Trading
Hi everyone!
The price got to the downtrend line where I placed short sales.
Now I continue to consider several scenarios for the development of the situation, which tell me to continue to hold a short sale and look for additional points to increase of the position volume.
The stop loss level for short sales is located at the level of 20450 by Bitstamp quotes.
Good luck in trading, friends!
Best Regards,
CEO Tornado Capital
The price got to the downtrend line where I placed short sales.
Now I continue to consider several scenarios for the development of the situation, which tell me to continue to hold a short sale and look for additional points to increase of the position volume.
- According to the basic scenario (chart on the left), I consider an increase in short sale volume both on the breakdown of the triangle's border, and in the wave B of wave D & wave E (if the pattern is formed).
- According to the alternative scenario (chart on the right), I consider an increase in short sale volume on the correction in wave 2, as well as on the break of the low of wave 1.
The stop loss level for short sales is located at the level of 20450 by Bitstamp quotes.
Good luck in trading, friends!
Best Regards,
CEO Tornado Capital
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