Aloha, I would like to share my trading strategy today.
1. It appears that the WXYXZ wave, which originated from the 69k peak, experienced convergence in the final Z wave and broke upward. Considering the expanded flat from wave 1 to wave 2, the subsequent upward movement seems to be a rising impulse of waves 1, 2, 3, 4, and 5, rather than a decline following the ABC corrective wave.
2. I believe that Bitcoin has already reached a low point at 24.77k. Considering the extended impulse from that level, I consider 24.77k to be the bottom.
In the case of low probability:
In the case of high probability:
If Bitcoin starts to decline instead of rising at this point, I am considering entering a long position around 25.5k;however, if it follows my expectation of making one more upward move before a decline, I plan to enter a long position around 25.7k to 26k. Ultimately, if the price drops from 25.6 to 25.5k, I intend to enter a long position. My target price is currently set at 50k.
1. It appears that the WXYXZ wave, which originated from the 69k peak, experienced convergence in the final Z wave and broke upward. Considering the expanded flat from wave 1 to wave 2, the subsequent upward movement seems to be a rising impulse of waves 1, 2, 3, 4, and 5, rather than a decline following the ABC corrective wave.
2. I believe that Bitcoin has already reached a low point at 24.77k. Considering the extended impulse from that level, I consider 24.77k to be the bottom.
In the case of low probability:
In the case of high probability:
If Bitcoin starts to decline instead of rising at this point, I am considering entering a long position around 25.5k;however, if it follows my expectation of making one more upward move before a decline, I plan to enter a long position around 25.7k to 26k. Ultimately, if the price drops from 25.6 to 25.5k, I intend to enter a long position. My target price is currently set at 50k.
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