WAVES/BTC Main trend. Downlink. Entry points.

Oct 10, 2020

On the WAVES/ BTC chart, I showed the main trend of this trading pair. Term 1 week.
As you can see, the main trend of this Russian cryptocurrency known to the whole crypto-world is expressed downward.

This downtrend has formed a downtrend channel with an impressive step. Pumping from the channel bottom to resistance in secondary trends occurs at the level of 370 - 460%. In the last pumping we are now in a secondary trend. Also pleasing are the same impressive dumps, always about 90% of the pump height. This is a gold mine.

A trader's best friend is volatility . Its correct use can inflate your deposit to an indecent size.

A secondary trend is currently developing. A local descending wedge formed in it on the pullback from the resistance of the main trend line (red thick channel resistance line).

Local work with this form. Possible entry points.



I showed potential entry points from the development of market situations on the chart.
Always work with the trend. Pay attention to small details that most people don't see.

Always work with the trend. Trading against the trend is the same as falling under the locomotive and hoping that it bounces off you!

Oct 16, 2020

Note

Oct 30, 2020

Trade closed: target reached

+ 34% Breakdown of the wedge resistance. Reversal zones

Nov 16, 2020

Note

from the reversal zone now + 50% Price at the next reversal zone (resistance of the main trend)