BTCUSD | Wave analysis of the ticker

#BTCUSD. Watching the 28k level on bitcoin. If we break it, we can start taking altcoins a bit.

#BTCUSD. There are chances for an uptrend. But for now I don’t see an opportunity to enter longs. I just keep buying altcoins on a cold wallet, hedging them with put options and shorts according to the strategies.

#BTCUSD. Nothing good so far for those who are in longs.

Some people asked me to show an upward count on bitcoin – I fulfill the request. Only before that I emphasize that while the price is in a wide range of 17k-33k, from the point of view of WA it’s almost impossible to choose for sure a picture of the future. It remains to pick up coins on the spot and trade local short stories with leverages or options and get depreciation of investments or stops on margin positions.

So, on the chart there is an option with the series of 1-2 waves up with targets at 250k with no entry into the area below 17k. The first confirmation of this scenario will be around 29k. Until then, I’m proceeding from yesterday’s labelling, only instead of a triangle, it’s a zigzag with a triangle.

I’m still sticking to the plan from last summer, which gave a short entry point in July this year. I also consider the upward scenario for bitcoin, but it’s not a priority, I proceed in my actions from the downward scenario, the details are in this video.

If you are lazy or have no time to watch a detailed analysis, just remember the two levels: 33k and 14k. As soon as the price is above this range, it will open the way to 250k. And if the bitcoin goes lower, then the crypto will go to the hell….

As for my actions, I’m now buying some altcoins for the long term, hedging positions with put options and shorts on trading sets with specific stops and takes. For example, right now you can short the triangle [4] of “iii” c of bitcoin chart while buying the same BNB. This strategy allows me not to guess where the price will go in this wide range, and to make money in almost any case on the medium-term horizon.

#BTCUSD. As a priority, I’m still coming out in favor of short.

#BTCUSD. When passing by two stop values I made a partial fixation last night, today I got the stop on the remaining part. In general, short is still in priority, but there is no new entry point.

#BTCUSD. Started gaining put options. An adequate stop is far for futures. The trading plan on the chart is a bit risky.

#BTCUSD. Soon we will have to look for an addition into the shorts from the small degrees.

#BTCUSD. Bitcoin looks very worrisome. I’m worried about it… Just in case put options are a must-have for hedging spot investments.

#BTCUSD. This is not usually how series of 1-2 waves look, but what the heck? The main variant in the @eightyninewaves channel.

#BTCUSD. For the first time in a long time I bought a bitcoin with leverage. But with a tiny volume so far.

#BTCUSD. Growth is still possible, but I’m still out of position. It was possible to enter here on a break of 0-X.

#BTCUSD. The deal is purely for gambling, the chances are not high.

#BTCUSD. A great example of working off the diagonal I showed yesterday. I didn’t buy it, did you?

#BTCUSD. Finally, the entry points are starting to appear. The diagonal in the wave [C] is in the formation stage or has already completed. I’ll tell you later where I have placed orders.

#BTCUSD. It will be funny if bitcoin flies #tothemoon from such a structure. Put a buy stop at 33k just in case. =)

There were practically no trades during the month, the market is in a sideways, this sideways movement was seen in advance by the waves (https://t.me/eightyninewaves/3678). I traded Russian and American fund – there was more interesting, now I switched to commodities.

As for bitcoin, I still don’t recommend to get into it before breaking 33k upwards. Before this level, it is about equally likely to see a move straight up or up, but through the bottom in the area of 14-17.5k. Such a forecast is not much use for trading. And investors don’t really care whether to buy at 29k or 33k, if the target is 250k for the medium-term. If you’re an investor and keep your bitcoins on a cold wallet, just buy 20000 put options with expiration in a year to limit the risk to 15%-17%.

Again, my focus right now is on the commodity market. Oil is going well! And crypto will be interesting later – follow the updates, bitcoin is updated here on the 29th once a month.

#BTCUSD. Small TFs show the optimistic scenario. There are no entry points.

#BTCUSD. On the contrary, the hedging bitcoin short is feeling good today. Let’s see… But I would not like bitcoin to fall to 17k.