Hi fellow traders,
On the 1D BTCUSDT chart, I am applying Elliott Wave principles to outline a potential long setup. Price has tapped into the blue box after completing a ZIGZAG correction, and this region may provide the foundation for the next impulsive leg within the higher-degree structure.
I am entering at the current price, with a Stop Loss at 73,900.00. My Take Profit is set at 132,366.25, based on the projected continuation of the larger impulsive count.
If price breaks below the structural low around the stop level, this trade is no longer valid.
Good luck and trade safe!
On the 1D BTCUSDT chart, I am applying Elliott Wave principles to outline a potential long setup. Price has tapped into the blue box after completing a ZIGZAG correction, and this region may provide the foundation for the next impulsive leg within the higher-degree structure.
I am entering at the current price, with a Stop Loss at 73,900.00. My Take Profit is set at 132,366.25, based on the projected continuation of the larger impulsive count.
If price breaks below the structural low around the stop level, this trade is no longer valid.
Good luck and trade safe!
Note
Trade active
Holding on to the LONG position.Note
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Note
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Note
TP slightly modified.Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.