Bitcoin is currently at the end of an ABC wave structure. Wave C still lacks a decline in the fifth wave. The fourth wave in the middle of wave C will oscillate in a triangle shape, and then break down once to complete the overall wave C.
$BTC Another possibility has been considered before, that is, the fifth wave has ended, but as time goes by, this possibility becomes smaller. The current market is moving very slowly and the fluctuation range is very small. It is recommended that everyone lower their expectations and be prepared for small market conditions to guard against big market conditions.
Wait patiently for the 5-wave downward structure to complete before placing the main long orders.
It is recommended to use a trading system to assist in placing orders because it can give long and short signals and stop loss points. Adjust the level of the trading system according to the size of the market. For example, the 30-minute level is suitable for small fluctuations in the market. At the same time, control the position well and do not be too large or too small to avoid causing heavy losses in the volatile market.
