Those who are already in watch it to continue for upside.
Those who are not in watch the areas which i have shown for price action for buy.
If price do not test the areas the areas i have shown for price action. Then you can only buy in one case if price start to rise so sharply from current price. That will give us a clue that it is not going to get down. If so then buy on current price carefully. because it already has moved with couple of pips. So stop placement gonna be with in the corrective ranges.
Remember it is a longer term analysis. So no need to be frustrated on couple of bars. Hold your nerve and let the market move in your way.
Thanks for your support.
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Price has broken down as it was expected. Watch price action at bottom as it was explained in the video for buy. If we dont seen price action then wait and watch for the price to hit the bottom or previose low for price action for buy.
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broken up up strongly watch it for continuation fas it was explained in the video.
If I will see the change in pattern I will update. It is behaving in the same way the way it has done in past.
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This is the old chart. I hope all of you Remember this chart.
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So far it is doing nice on lower time frame.
What to do next those who are in and those who are not in.
1. Watch for flag or any other trend continuation pattern formation and then look for breakout for continuation.
2. Those who are not in you only can buy on strong bullish breakout.
3. If price breakdown the short term bullish trend then we will wait and we will watch for the price to reach 786 or 886 fib levels before any buy.
4. Those who are in watch it for continuation. Remember its a longer term trade and will take some time to complete. We will watch price action at upper channel line. i mean close to 15k.
Here is the update.
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We got the correction but it is bigger and broken down the short term trend line.
Watch trend line at current price and bounce back. If price keep pushing towards downside we will buy more at bottom close to 768 fib lines. The correction we are having it was expected in last update so no frustration.
watch this update.
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Nice bounce off. Watch it for continuation. same view like the previous one. In case breakdown we will watch 768 for more buy.
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Dont forget the bigger structure.
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Nothing has changed its same. Some young traders looking on BTC back to the parity which is not making sense so careful if you are taking shorts on BTC is it is highly risky to short on BTC.
Watch this update and prepared for next wave.
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Watch 786 or 886 for buy.
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We are not seller on it. If you are congratulation you are making money.
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It is breaking the bearish flag.
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It is breaking the bearish flag.
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Watch flag on lower time frame.
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watch for strong breakout. If we dont see breakout. let the market get back to the bottom we will watch for buy ar bottom.
Dear Wave-Trader, that's a good video. I really respect your work, but that's all simple chart analysis. What's about market pressure? Offer/demand ratio? Do You know at which levels the mass would be ready to act, at which levels of the price/volume shows an acceptance or not? There is a lot more. Time to expand the professional horizon. This is our opinion about BTCUSD (ok, it's German, but easy to understand). The trend will be intact. The 1st touchdown would be by 7780$ or lower. As a team of institutional traders, I think, we know what are talking about. For questions, comment this or leave a pm, plz. Good trades, mates.
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@m4riovolp3, Like his video too but in denial of reality atm. Yours looking more in touch, everyone seems to be shorting.
@Wave-Trader, whiff of sarcasm? :-) Anyway don't know what is going to happen though I feel most people are clueless. I thought it might go up a little due to the positive south korean news, seems like this just happened. No idea what is going to happen now.
DaDude
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simple analysis on how I look at it. its ETHUSD but applies to BTC too