Bitcoin is currently on its fourth wave. I expect there will be five waves soon. If all five waves come out, my trading plan is as follows.
❇️The long position entry and its basis
1. Supported by VOLUME PROFILE when the 5th wave is completed
2. On the 5-minute chart, rsi-divergence
3. Return rise after impulse 5 wave
we'll enter the long position, and when we reach the Fibonacci 0.382 section, we'll take a TAKE PROFIT, and we plan to switch to short based on the five waves of the previous impulse drop.
Then, based on the mid-term perspective mentioned earlier, we plan to switch to a long position and later to a short position again.
❇️The long position entry and its basis
1. Supported by VOLUME PROFILE when the 5th wave is completed
2. On the 5-minute chart, rsi-divergence
3. Return rise after impulse 5 wave
we'll enter the long position, and when we reach the Fibonacci 0.382 section, we'll take a TAKE PROFIT, and we plan to switch to short based on the five waves of the previous impulse drop.
Then, based on the mid-term perspective mentioned earlier, we plan to switch to a long position and later to a short position again.