Easy to see that BTC is running in an Ellitot-wave triangle pattern. We need to wait the wave E finish before making a long order.
There are 2 ways to make the order here.
Risky way: Make the order when the price hits the support on the chart. I would like to set the stop loss at around 33200 (under wave A) and move it to 33350 (under wave C) when the price shows signals to increase from the support.
Less risky way: Only make a long when the price over the peak of wave D at around 33852 and set stop loss at the price under wave E.
The target to close the position is around 35600.
Good luck!
There are 2 ways to make the order here.
Risky way: Make the order when the price hits the support on the chart. I would like to set the stop loss at around 33200 (under wave A) and move it to 33350 (under wave C) when the price shows signals to increase from the support.
Less risky way: Only make a long when the price over the peak of wave D at around 33852 and set stop loss at the price under wave E.
The target to close the position is around 35600.
Good luck!
Trade closed: target reached
