When buying from the current price, stop at 755. The first target is 800-820. Why so low? Price can form an extension of the corrective model from W-X-Y to W-X-Y-X-Z. Also, there is some possibility to get out of this triangle down, so the stop is required. Anyway, I will watch the development of the price movement. Globally, we are ready to form a wave (5) of 3. Targets ~900-1000 satoshi.
Trade active
Brakeout!
Trade closed: target reached
Note
Happened a variant of the extended correction. Will it be a triangle or a zigzag - time will tell.
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Sorry for the delay. Price has developed a correction in the form of a zigzag, but not deep. Now a wave of 3 of (5) is forming. Target 960-980.
Trade closed: target reached
ATTENTION! It seems that I made a mistake (circled in a red circle) in the construction of the wave. If this is so, the wave (5) is over and we are waiting for a correction to the levels 780-740-700 satoshi. Closed the position. Who wants to keep the first option to 1000, then stop-loss at 857.
Note
Well, the situation is more or less clear. Finished wave 3. Correction formed a triangle with a breakdown down. The first target is the level of 890-900. The next target is 770-780. I will bribe step by step from the first goal. Who holds - I recommend holding on, trade can no longer be so profitnye.
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Buy zone
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Very steep volume on bounce! 840 sat
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I consider the wave 4 complete. There was a rebound from 720 with a start impulse. You can buy from current prices. Targets: 1000-1200 sat
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