BTC breakout BullFlag LONG setup

25 thg 2, 2024

Self explanatory LONG setup with stop loss near pivot low
manage trade heading into premarket
TP#1 just before pivot high, adjust stop loss after 1st target hits (or trail stop)

25 thg 2, 2024

Ghi chú

favoring the ending a a 5-wave sequence

we await to see what happens after
MANAGE your trade with SL, BTC is trading at very high levels were anticipating a massive correction sooner or later

25 thg 2, 2024

Ghi chú

Be aware, they can wick down for liquidity, so either keep the SL wide, or, put another Long order right around the lower trendline with a stop loss bit further from the pivot low

25 thg 2, 2024

Ghi chú

zooming in, this could just be the first move, if we do wick down, it can justify and favor the count

25 thg 2, 2024

Ghi chú

the bearish view is that the 5 wave sequence was already completed and the bounces have been a 1-2,1-2 bearish setup
so, recognize the importance of managing risk with SL

26 thg 2, 2024

Giao dịch đang hoạt động

✅ Target #1
played out well,
adjust SL to 51k-52k as u deem fit. keep some distance for the wave iv pullbacks, if it fails (retraces more than 0.5 the move, its invalidated and over)

27 thg 2, 2024

Giao dịch được đóng thủ công

let the sharks figure it out in these deep waters