Bitcoin Trading | Sell & Buy Orders | Elliott Wave (Aug 2019)

Bitcoin Trading | Sell & Buy Orders | Elliott Wave
Market: Crypto (BTC/USD)

Bitcoin Trading has become more and more “attractive” lately, even for those individuals who have no real clues on what it truly is.

I remember several times when “rookie crypto” traders all of the sudden jumped into these markets.
It did not turn so well for them. For me and others it went according to the “master plan”.

Honestly, I can state that BTC/USD is playing a major part in the “New World Order”, and it’s most likely destined to become something of the future.
For now, we’re just “rolling with the punches” and dealing with all these regulations/obstacles, which, in my opinion, are just acting as a “barrier” for something that’s really destined to change the world once the fiat system will fail.

Million BTC question?

Will fiat money fail?

At one point it will, and it’s destined to.
I have shared my theories on the Great Financial Crash previously.
That article observes global Indices and the inevitable depression.

• Market Crash Cycles | Indices | Elliott Wave Structures

Want to join the Invest Fund?

The BTC/USD Bull Market

A step towards the million BTC!

Where are those buy-low & sell-high levels for BTC/USD?

Bitcoin Trading can be pretty demanding and sometimes challenging when it comes to selecting the levels or taking a decision.

Honestly, despite other sectors, this market has given me mostly clean and clear Elliott Wave Patterns.
This is obviously due to the fact that the “big players” do not have monopoly on this asset yet, but they are trying.

Keep this question in mind, I will revert below.

In case you are wondering if I have what it takes, you might as well run through my history with this “gem”.
I’ve been able to call the BIG rally, and then the Feb 2018 “bear claw”, but one important question is:

Was I able to call the bottoms for the Crypto Market?

"Easy as pie", shared it on a silver platter.

First I was getting ready for the last drop before the “radical”.

• Bitcoin and the next Crypto Bull Market

Then I acted like Santa:

• Bearish Santa & December’s Trends – Christmas Gifts

And what do you know, the “bull horns” came out shining!

Oh yeah! I’ve been riding this meticulously.

Want to join the Invest Fund?

Let’s roll back to the main topic and the trigger points in Bitcoin Trading!

Bitcoin and the Accumulation Cylinder

The Crypto Market bounced back back in Dec 2018 and BTC reached almost $12.9K. What a ride!

Since 26th of June, 2019, BTC/USD has been retracing is what appears to be a corrective structure.

I am labeling the current bearish structure as a Double Three (Double Zig-Zag), located in a Primary Degree wave 2 (blue).

Bitcoin Trading | Technical Analysis | Elliott Wave

BTC/USD has been labeled in a Double Zig-Zag, which has been unfolding ever since late June 2019.

The charts have been sending me messages with their mathematical and natural Fibonacci sequences.

From what I can see, BTC/USD could be destined for more weakness ahead, before the BIG “game changer” that most are keen on.

Let's break the technicals down!
That's what you're here for right?

BTC/USD – Weekly Chart (picture)

BTC/USD (weekly) has been labeled within a Cycle Degree wave II corrective sequence, unfolding as a complex pattern.

Cycle Wave II (black) has been called as the bottom during Dec 2018, unleashing the Crypto Bull Market.

• Cycle II (black) Structure – Double Flat
  Dec 2017 peaks and down until Dec 2018 bottoms – Cycle II (black)

• Primary 1 (blue) Sequence – Impulse
  Break-out and confirmation of a bullish sequence.

• Primary 2 (blue) Structure – Correction
  Descending Channel unfolding within a complex sequence.

• Next expected swing
  Bearish Structure, with Golden Ratio confluence.

• Dominant Trend
  Bullish Impulse (Rally) presenting an Extension towards $35K and then beyond.

• Structure Change
  Bullish break-out from the Descending Channel (least likely).

BTC/USD – Weekly Interactive Chart
(click to open)

BTC/USD – Daily Chart (picture)

• Primary 2 (blue) Structure – Double Zig-Zag
  Zig-Zag in Intermediate (W) (pink) followed by another Zig-Zag in Intermediate (X) (pink).

• Intermediate (Y) (pink) – Expectations
  Bearish Three-Swings sequence, within a Zig-Zag, 5-3-5.

• Primary 2 (blue) / Intermediate (Y) (pink) – Termination Points
  Golden Ratio (61.8%)  – Fibonacci Retracements of Primary 1 (blue).
  * 78.6% if sell-off extends.

• Dominant Trend – Levels in Focus
  61.8% FR: $7495
  61.8% FR: $5550

BTC/USD – Daily Interactive Chart
(click to open)

BTC/USD & Elliott Wave

BTC/USD – 4H Chart (picture)

• Primary 2 (blue) Structure – Double Zig-Zag
  Zig-Zag in Intermediate (W) (pink) followed by another Zig-Zag in Intermediate (X) (pink).

• Intermediate (Y) (pink) – Expectations
  Minor degree ABC (red) sequence.

• Technicals – Favorable Details
  – Descending Channel within a Complex Correction
  – Bearish Divergence at the termination points of Intermediate (X) (pink)
  – Potential Head & Shoulders formation at the Minor B (red) juncture
  – Bull-Flag Pattern in Primary 2 (blue)
  – Harmonic Pattern: Bearish Bat
  – 78.6% Fibonacci Retracements of July’s swing-low

BTC/USD – 4H Interactive Chart
(click to open)

What levels are best for SELL & BUY orders?

Bitcoin Trading | Sell & Buy Orders

Bearish | SELL Levels

• Aggressive Entry @ 11800.00 (or Market Price) with SL @ 12650.00

• Moderate Entry @ 12500.00 with SL @ 13450.00

• Conservative Entry @ 13000.00 with SL @ 14500.00

• TP @ 10500.00 / 9500.00 / 7500.00

Bullish | BUY Levels

• Moderate Entry @ 7500.00 (or Market Price) with SL @ 5800.00

• Conservative Entry @ 5550.00 with SL @ 3850.00

• TP @ 10500.00 / 9500.00 / 7500.00 / 10000.00 / 14000.00 / 16500.00 / 18000.00 / 21000.00 / 25000.00 / 30000.00 / 35000.00

Safety Measures:

• Moving SL to beak-even when in the green.

Want to join the Invest Fund?