SHORT-TERMINAL ISLAND SIGNALS have appeared
Hi traders,
Context market: After completing a long price push (wave (iii)) BTC had a break with a short pullback to the fibonacci region 38.2% as we expected, the ship continues to roll with inertia (wave (v)) to complete the start of its spectacular upstream. However, the following points have been noted:
- The slope of the upward momentum of wave v (the black arrow) has been greatly reduced compared to wave iii, on the other hands the rate of increase has slowed down a lot, when going through important resistance areas, we can see the selling pressure was clear in the yellow area, which clearly shows that the selling momentum is being triggered and hinders the buying force. The sell signal is clear
- The momentum indicators are showing the weakening of increasing momentum, the price keeps rising but the rising momentum is declining.
- The bearish divergence of the AO indicator (H4) indicates that the signal v has reached an end.
Strategy: Our strategy prioritizes the sale and distribution of the volume as follows, specifically:
- High-risk market: Sell at 9k5 with SL of 9k650 (current peaks a little), the target price is 8k3, this market gives a loss of 150u with an expected profit of 1.2k => R: R is 8: 1, this risk bet I accept on 50% of the expected sale volume.
- Safer contract: Wait for the price to break through the 9k2 gold bar to trigger a short sell order for the remaining 50% of the volume. at the same time, drag SL to break-even point of order 1 at 9k5. The risk is 300U with expected return of 900U => R: R 3: 1
Good luck and safe trading!
Context market: After completing a long price push (wave (iii)) BTC had a break with a short pullback to the fibonacci region 38.2% as we expected, the ship continues to roll with inertia (wave (v)) to complete the start of its spectacular upstream. However, the following points have been noted:
- The slope of the upward momentum of wave v (the black arrow) has been greatly reduced compared to wave iii, on the other hands the rate of increase has slowed down a lot, when going through important resistance areas, we can see the selling pressure was clear in the yellow area, which clearly shows that the selling momentum is being triggered and hinders the buying force. The sell signal is clear
- The momentum indicators are showing the weakening of increasing momentum, the price keeps rising but the rising momentum is declining.
- The bearish divergence of the AO indicator (H4) indicates that the signal v has reached an end.
Strategy: Our strategy prioritizes the sale and distribution of the volume as follows, specifically:
- High-risk market: Sell at 9k5 with SL of 9k650 (current peaks a little), the target price is 8k3, this market gives a loss of 150u with an expected profit of 1.2k => R: R is 8: 1, this risk bet I accept on 50% of the expected sale volume.
- Safer contract: Wait for the price to break through the 9k2 gold bar to trigger a short sell order for the remaining 50% of the volume. at the same time, drag SL to break-even point of order 1 at 9k5. The risk is 300U with expected return of 900U => R: R 3: 1
Good luck and safe trading!