BTCUSD: I don't sell, but if lower I buy

6 thg 5, 2018

Following related ideas and great comment from a follower,
Purpose of this chart is to find entry to buy

Either way, BTCUSD is bullish but question is can I buy now in a 4h setup with 1h execution. My answer is no, I mean if you trade. If you invest, that is a different story, but here I am a full-time trader because this is my day job. Of course I do invest like any one else the hard earned money from my day job ;-)).

So, pullback is needed (I swing trade, I don't chase either).
Options are on the table. My choices are set to trade.

Yours?



Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 06/05/2018-12/05/2018, I propose ETHUSD

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6 thg 5, 2018

Ghi chú

There you go.

First Bulls attempt at 9,58.31-9,596.93 for a bounce. Will it break to new highs or fail for a second leg lower (to green alt view 2) as per chart?

6 thg 5, 2018

Ghi chú

so far so good.
If new low with RSI divergence, motive 5 waves from the highs.
FLAT still possible from 04/05/2018 high but this is a bit stretched for now as a view (very very bullish).
count updated in 1h

7 thg 5, 2018

Ghi chú

cannot do more ! No short because 4h bullish and higher time frame can always overrun lower time frames ...