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Skyrex
Mar 1, 2023 9:17 AM

Bitcoin is exploding right now! Long

Bitcoin / TetherUSBinance

Description

Hello, dear friends!🖐️

As you know when the dump started at 25K I opened short trade, but close it next to the 23K because I saw the corrective, not impulsive structure of this dump.

During the first decrease price has been touching the Alligator, an I interpreted it as a wave A, not the wave 1. Therefore I have been loking for the ABC correction, where wave C was an impulsive one.

After that we saw the annoying flat, where I changed my mind multiple times and in overall I have 0 profit during flat. It's good because according to my breakout strategy I have to lose money during sideways.

Yesterday I saw the bullish reversal bar at the very bottom of the wave 2 and now I consider the wave 3 which has a lot of valid fractal signals. I wanna eat up the entire wave 3. The approximate target for wave 3 is the 1.61 Fibonacci extension $24900 📈. I am going to close my long trade there. Anyway If I am wrong I have trailed my stop loss to the profit area.

Best regards, Ivan
Comments
WalterMoon
Good BTCUSDT idea, agree!
JoeChampion
Good job Pal, keep us updated!
alexdageek1
It spends a lot of time doing nothing, you know and as soon as people get frustrated people put in shorts and thats when btc pumps.
Gold-Tech
Interesting. Competent analysis. Thank you
RLinda
A potentially successful plan. Thanks for sharing)
LegionQ8
Really like your chart, I have the same opinion
ilyasolloway
Thx 🤝
Market_Milker
nope, bitcoin will touch 22 first then 26
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