1) As it has taken a hell of a BEATING and fallen from 69k to 40k AND now BTC seems to be CONSOLIDATING downwards and making falling wedge and while printing Bullish divergence :-
2) Furthermore, BTC on Higher Time frame seems to be making Head & Shoulder and Right now would make perfect sense that if BTC would make right shoulder and make a good BULL TRAP :-
3) In Process of making C for ABC Correction as per speculative view using Elliot Waves :-
I might be wrong to pick bottom for this short term BTC TRADE that i am taking as It is very hard to do so during such choppy market However, we can USE Proper RISK MANAGEMENT and USE Small Position Sizing with good STOP LOSS to allow us to trade in such CHOPPY MARKET.
Stay Safe and trade safe, and i hope this educational idea would be useful to some people and if you like this idea then please support it using the like button as well. That would be appreciated.
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Bitcoin up 12% after this idea. New SL 48.1k.
Stress free trading... I hope you guys liked this educational IDEA.
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Also BTC Bulls are looking strong.
Congratulations guys.
Trade closed manually
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Closing Trade for now. Waiting for a pullback. Being precautious...