Bitcoin is on the edge of crash!
Hello, everyone!
Last couple of days the Bitcoin is pumping and any even non significant pump cause the bullish move. It is not the feature of the bear market end. People have to be disappointed in the market to reverse it. I know that I was multiple times unsuccessful using the Trading Chaos approach, but I believe that this complex methodology have the great potential. I am not going to give up until I become successful with this method.
Let’s take a look at the 1h timeframe BTCUSDT chart of the WhiteBit exchange. I consider that the price finished the wave 4 and now is going to form the wave 5 before the huge dump. Look at the relation between the price and the Williams Alligator indicator. During the wave 3 price usually creates higher highs and higher lows above the red line of Alligator. When the price broke down the red line it was the first feature of the wave 4. The second feature of the wave 4 is the zero level cross at the Awesome oscillator – we can see exactly this. The last one point is the target Fibonacci area – the golden pocket is the appropriate target. When we will see the higher high in conjunction with the bearish divergence it would be the nice short trade entry point to catch potential dump.
Best regards, Ivan
Last couple of days the Bitcoin is pumping and any even non significant pump cause the bullish move. It is not the feature of the bear market end. People have to be disappointed in the market to reverse it. I know that I was multiple times unsuccessful using the Trading Chaos approach, but I believe that this complex methodology have the great potential. I am not going to give up until I become successful with this method.
Let’s take a look at the 1h timeframe BTCUSDT chart of the WhiteBit exchange. I consider that the price finished the wave 4 and now is going to form the wave 5 before the huge dump. Look at the relation between the price and the Williams Alligator indicator. During the wave 3 price usually creates higher highs and higher lows above the red line of Alligator. When the price broke down the red line it was the first feature of the wave 4. The second feature of the wave 4 is the zero level cross at the Awesome oscillator – we can see exactly this. The last one point is the target Fibonacci area – the golden pocket is the appropriate target. When we will see the higher high in conjunction with the bearish divergence it would be the nice short trade entry point to catch potential dump.
Best regards, Ivan
Get access to private PineScript strategies and turn script alerts into orders at your exchange account with easy-to-set up bots
Get free alert bot:
skyrexio.com
Get free alert bot:
skyrexio.com
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。