Trading Signal | BTCUSD | Swing | Elliott Wave

Trading Signal | BTCUSD | Swing (Long) | Elliott Wave

Trading Signal | BTCUSD | Swing (Long) | Elliott Wave

Market: Cryptocurrency
Symbol: BTC/USD
Signal Category: Swing (Long)
Direction: Bullish
Order Type: Market / Limit

(Entry / Stop Loss / Take Profit)

The following trading signal on the BTCUSD Crypto pair has been posted in the “Trading Signals” section.

Trading Signal | BTCUSD | Summary

BTCUSD crashed since the time of the last post.

Trading Bitcoin | Buy Orders | Elliott Wave

I kind of seen this possibility, but the stake was high, and I decided to publish the opportunity, so it will not be missed.
We roll with the punches.

The Conservative Entry still remains in play, alive and still kicking.

Conservative Entry @ $5500 with SL @ $3180

BTC/USD – Weekly Chart (picture)

The fact that BTCUSD tanked does not necessarily mean that it’s actually in a bear market and about to crash for good.
NO! From an Elliott Wave perspective, Bitcoin’s structure extended itself in its complexity.
This does not mean that BTCUSD is not destined to start the expected rally. This only means that the Triple Three correction has been prolonged in duration and time.
A rise is in the menu, and should be starting very soon.

BTC/USD – Daily Chart (picture)

BTC/USD hit the 88.6% Fibonacci Retracements of Primary 1 (blue), and a reaction has been noticed.
However, it should be treated as a Minute iv (red) correction, within Minor C (red).
This is because the Bearish Divergence is not yet ready to sling-shot the price-action higher.
A last dip would be expected, followed by a realistic possibility for the bigger rally to commence.

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

Trading Signal | BTCUSD | Swing | BUY Orders

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BTC/USD – 4H Chart (picture)

Trading Signal | BTC/USD | BUY Orders

Moderate Entry @ $3500 with SL @ $1500
Conservative Entry @ $2250 with SL @ $800
TP @ $7500 / $10000 / $12000 / $15000 / $18000 / $20000 / $23000 / $ 25000 / $30000

Safety measure: when in the green, moving SL to break-even.

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

Ahoy my fellow trader,
Thank you for your interest in this article and the overall information I am proving.
Should you need any support or have any questions regarding the presented Wave Counts, please let me know.
I am most active and available via Telegram and Skype, feel free to shoot me a message.
As always,
Many pips ahead!
Richard

Fair warning and risk notice:
Trading CFDs or Foreign Exchange is risky and you should only invest what you can afford to lose, in a calculated manner.
All material presented by LEWA is not to be treated as investment advice and the analysis represents general market research.
Before you decide to take action, please be aware of the risks involved.
Trading is not for everyone and it should be treated with responsibility.
Besides a good strategy for a decent win over loss ratio, risk management is another key factor.

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