Bitcoin long setup based on Elliot Wave
As you can see the main trend lines are on the chart.
The Trading View's Elliot Wave projection suggests going around the next resistance IF the current correction is over and if not, the stop loss will be triggered based on the support's break.
Since we are near a good support of the main up trend, there is a good risk to reward Ratio for going long.
Green trend line is the stop loss, any price action passing it is a red flag.
Red trend line can be used as the take profit.
The Trading View's Elliot Wave projection suggests going around the next resistance IF the current correction is over and if not, the stop loss will be triggered based on the support's break.
Since we are near a good support of the main up trend, there is a good risk to reward Ratio for going long.
Green trend line is the stop loss, any price action passing it is a red flag.
Red trend line can be used as the take profit.
Trade fermée: ordre d’arrêt atteint
Bulls are trying hard but bears have the upper hand and DXY is helping them so far.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.