Bitcoin has just change my mind to bullish. Also he gave me the very important lesson. I feel upset and have to think what I need to do next. But I feel upset not because of loss, I have the great money management and it's not critical. I believed in trading chaos and it gave me a lot of nice signals. Now I am going to reconsider which approach to use in trading.
Let's take a look at the 1D time frame BTCUSDT chart of the WhiteBit exchange. Of course bull market has been started, but I am not going to hurry up to buy all in. I will remind you that I have 23% of deposit in crypto on spot. If I consider that my previous wave analysis is invalid I wanna suggest you the new one. We now have the waves 1, 2 and 3. Wave 3 is going to end next to the current price because it reached the original target 1.618 Fibonacci extension.
Where I am going to buy. Waves 4 usually reaches the 0.38-0.5 Fibonacci retracement levels. That's why I am goig to by BTC at $19053. With the potential target above $22k.
Best regards, Ivan
Trade on WhiteBIT! Use this link to register and receive 40% of trading commissions from your invited users!