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
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
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