OPINION: From a mid- to long-term perspective, it is expected to decline after one rebound increase. Therefore, I think it is advantageous to enter the long position by having a good profit/loss ratio in that green circle section and anticipating RSI divergence
NOTE: If the red STOP LOSS LINE is breached, I think it will fall quickly, so be mindful of the...
I expect rebounding to 0.5 or 0.618 of the Fibonacci, and then fall, but if it does not exceed 0.382, a sharp drop is expected, so let's keep in mind and trade.
Bitcoin is currently on its fourth wave. I expect there will be five waves soon. If all five waves come out, my trading plan is as follows.
❇️The long position entry and its basis
1. Supported by VOLUME PROFILE when the 5th wave is completed
2. On the 5-minute chart, rsi-divergence
3. Return rise after impulse 5 wave
we'll enter the long position, and when we...
Bitcoin is currently on its fourth wave. I expect there will be five waves soon. If all five waves come out, my trading plan is as follows.
❇️The long position entry and its basis
1. Supported by VOLUME PROFILE when the 5th wave is completed
2. On the 5-minute chart, rsi-divergence
3. Return rise after impulse 5 wave
we'll enter the long position, and when we...
Actual trading history and feedback
At that time, in terms of the five-minute chart, I slightly climbed the previous high point, which was the stop line, and then fell, so I entered the selling position additionally.
The reason why I entered the show is because, in terms of the 30-minute chart
This is because the appearance of rsidivergence was expected and the...
I entered the short position expecting CORRECTIVE WAVE until around 0.618 after the ending diary day, but I felt something was wrong because I reached 0.786 and rebounded.
And at the time, when looking at the 5-minute mark, I expected a little over the high point and a drop in RSI again
Additionally, it entered short and switched to STOP LOSS AND LONG POSITION...
Opinion: I made a trading plan by taking the mid- to long-term perspective (blue line) as mentioned earlier.
NOTE: Previous high point resistance line is STOP LOSS baseline
White Line: Ending Diagonal
Yellow line: abc corrective wave
Blue Line: A Mid-to-Long-Term Perspective
Red Circle: Good Place to Enter Selling Position Based on Mid-to-Long-Term...
OPINION: From a mid- to long-term perspective, it is expected to decline after one rebound increase. Therefore, I think it is advantageous to enter the long position by having a good profit/loss ratio in that green circle section and anticipating RSI divergence
NOTE: If the red STOP LOSS LINE is breached, I think it will fall quickly, so be mindful of the...
