#Bitcoin Trading is carried out according to the trading system of dynamic fractal-wave non-classical technical analysis.

In the previous video we talked about the fact that we are at the start of the third wave.

Now let's look at the current situation $BTC

#bitcoin H4

The goal remains $71,000, but there are several BUTs.

  1. We have already completed 61.8% Fibonacci

  2. We have broken through the start of the first wave

  3. We have broken the latest price highs

Of course, there is still some distance to our target, but the price highs have been broken and a rollback is possible.

If we now form the first wave down on the M5 period chart, then it is better to close the buy trades. There is no first wave down yet.

Don't forget to set stops and risk-reward at least 1 to 2.

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P.S. Not financial advice.