Yet another bullish Wolfe Waves appearance on Bitcoin's charts

23 авг. 2022 г.

I will position myself in a long order on Bitcoin after the equal lows [marked with a golden dotted line] are taken out. Closure below H4 demand invalidates the idea as we'd sink much lower in price if supply beat the demand here imo (and that is where I will be placing my stop loss orders and possible a short stop-limit order if I see fir by then). I will be taking profits at the three H2 bearish order blocks above (with the third highest supply point having the least probability) and trailing my stop loss below the price as we move up.

Use adequate risk management and position sizing please!

Please check linked ideas for my longer term sentiments.

26 авг. 2022 г.

Сделка активна

Bids have been filled. I have entered my long position.

27 авг. 2022 г.

Сделка закрыта: достигнута стоп-лосс цена

HTF closure below demand. Stopped out.