DON'T CATCH LONG AT THE TOP BUT JUST WAIT FOR PULLBACK.
✅PREVIOUSLY ON Bitcoin
We were waiting for the good long entry point after 52944 on 7th of September, and the price has been received exactly at the support line around 39600. We've been bullish since then.
✅ WHERE WE ARE
Some people buy at the top. Some people just miss the opportunity to buy.
The great opportunity for trading doesn't come every day. Being patient is important.
This tells us that normally we shouldn't sell during the bullish trend. We must ride the trend/wave.
So what can we do now?
As I mentioned some times on the last posts, the 3rd wave from 39600 could've made extensions.
After extensions, the price tends to have a crash(not always), which means the strong correction could occur.
*I call it crash after 9 waves.
As of now, if we'd face the bearish corrective waves, it should be zigzag(rule of alternation) and Fib38.2 and blue dot lower channel,which is around 51281, could be the beginning of the 5th wave,
Now is the moment to be patient for long anyway.
*As long as 39600 remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
We were waiting for the good long entry point after 52944 on 7th of September, and the price has been received exactly at the support line around 39600. We've been bullish since then.
✅ WHERE WE ARE
Some people buy at the top. Some people just miss the opportunity to buy.
The great opportunity for trading doesn't come every day. Being patient is important.
This tells us that normally we shouldn't sell during the bullish trend. We must ride the trend/wave.
So what can we do now?
As I mentioned some times on the last posts, the 3rd wave from 39600 could've made extensions.
After extensions, the price tends to have a crash(not always), which means the strong correction could occur.
*I call it crash after 9 waves.
As of now, if we'd face the bearish corrective waves, it should be zigzag(rule of alternation) and Fib38.2 and blue dot lower channel,which is around 51281, could be the beginning of the 5th wave,
Now is the moment to be patient for long anyway.
*As long as 39600 remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
