Ian_Carsen

for this kind of a trade on ETH I'd be looking at the greediest levels in that upper range. However, if it bounces from something else in there cancel the trade!

It appears BTC is currently heading lower to take support on one of the indicated ones, I personally will try for the lowest indicated level of the first zone, with stop below the second zone.

BTC failed to hold the higher levels to allow for a fast move up. We need to wait for it to find a bottom and show signs of strength. It may do that off of the current levels (which are the last in the range) or if we go lower the next area of interest is indicated.

As unrealistic as it might seem, I believe there’s a good chance Bitcoin holds the lows here (polarity after holding SOR), and eventually takes out the high again.

There has been no retracement within the current price range. As a result, this is looking very much like a classical Elliot wave impulse. This one should have nine waves before another corrective phase.

BTC continues to grind higher, however, another (at least smaller) corrective phase should occur soon. We may hit the important supports below after all or we may hold the local low. After this process completes we should see new ATH. Corrective phases are difficult to predict unfortunately!

This is a risky trade, it is based on a continuation of the previous laddering down. We are approaching the Real leg of the move. If there’s going to be a reversal, it should happen quite soon. It has a good risk reward, so only take it for a small amount risk. Theoretically price should move below the indicated take profit as well in three waves..

The target for this trade is somewhat ambitious. Therefore, if the entry is filled, at either of the white lines, please protect profits once entered. One could exit sooner for a safer trade.

This may be a very Nice trade on bitcoin! It looks like it is still trying to reach higher in the short term.

I Think the likelihood that we may have finished moving down on bitcoin is over, however, even if that is not the case, This may be a nice trade!