Bitcoin - the huge mistake I did!
Hello, guys!
Today's trading day gave me to understand that I need to work on my psychology. Fortunately I have not lost money. I has +1% to deposit on my short closed and -0.8% on my long stop loss. Nevertheless I feel uncomfortable with today's trading decisions.
What I am going to do next? We can see that the price is above the 1D Williams Alligator, it means, that globally we are in uptrend. At the same time BTC fell below the 4h Alligator. It means that every bullish reversal bar now is a good opportunity to buy Bitcoin with a tight stop loss.
Earlier I supposed that new bearish wave has been started, but now I have some doubts. Look at the 5 Elliott waves cycle to the upside. Current dump is too weak to be the new downside impulse. I think it's just an ABC correction which is gonna be ended soon inside the Fibonacci retracement target area. After that we have a nice chance to see the new higher high. Anyway, it's just my thougts. If market continue dumping without creating bullish bars I am going to staying out of trades further.
Best regards, Ivan
______________________________________
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Today's trading day gave me to understand that I need to work on my psychology. Fortunately I have not lost money. I has +1% to deposit on my short closed and -0.8% on my long stop loss. Nevertheless I feel uncomfortable with today's trading decisions.
What I am going to do next? We can see that the price is above the 1D Williams Alligator, it means, that globally we are in uptrend. At the same time BTC fell below the 4h Alligator. It means that every bullish reversal bar now is a good opportunity to buy Bitcoin with a tight stop loss.
Earlier I supposed that new bearish wave has been started, but now I have some doubts. Look at the 5 Elliott waves cycle to the upside. Current dump is too weak to be the new downside impulse. I think it's just an ABC correction which is gonna be ended soon inside the Fibonacci retracement target area. After that we have a nice chance to see the new higher high. Anyway, it's just my thougts. If market continue dumping without creating bullish bars I am going to staying out of trades further.
Best regards, Ivan
______________________________________
Subscribe now and never miss an update 👍
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