Bitcoin – last pump before correction!

Hello, everyone!

Making many mistakes last couple of weeks I am not going to give up in learning how to trade using Trading Chaos by Bill Williams. I don’t know why, but I believe in this approach. I decided to switch to the 1h time frame to have more practice. Today I am going to show you my next trade.

Let’s take a look at the BTCUSDT chart. Looking at Awesome Oscillator we can conclude that the wave 3 has been finished and minimal requirement for the wave 4 end also has been met. I am going to catch the wave 5. Here we have the fractal signal at $22974. If the Bitcoin price will cross this level it means that this trade become active. Here we have the clear stop-loss below the down fractal at $22637. I am going to use this trade. Let’s see what happens.

Best regards, Ivan

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Comment:

When the price will break through the $22974, trade will be active!