In my previous idea I suggested buying BTC under simple trend following strategy. This approach proved successful:
This time we are looking for a pullback, or possibly, a cyclical top. This task is very difficult taking into account the strenght of this trend and all the hype in crypto community. Still, there are 5 waves in place and the price reached the top of Andrews' pitchfork. Under these circumstances we can expect, at least, a minor pullback below $5500. All keys levels are drawn on chart.
Trade closed: target reached:
$5436 target reached in the morning.
