Trading Strategy and Criteria
It is a market that has been shaking up and down since mid-February.
The top of the box is near the bottom of the 53000 edge box near 50500.
It's over $50,000 and I think it's undergoing a support test.
There could be an adjustment to what's been an upward mood for a while these days,
Or we'll wrap up the $50,000 support test
It may go up further.
I don't completely trust Elliott's wave,
Still, there are many traders who trade based on that, so there are many times when it fits.
There are a lot of people who move with that signal.
Looking at Elliott, I think you can see it as 1 - 5 - 4 waves now.
Out of the 5 waves that are the final stage of 1 wave
We're moving across four waves, adjusting the duration, completing the last five waves
The return on all the gains that started at $15,000 could begin.
Let's just think of it as a possibility that such a scenario could happen.
Do not blindly trust scenarios and predictions.
We must always respond to the market.
Daily Volatility and Their Response
There hasn't been much change these days over the weekend
The weekend is based on Wall Street time in the United States.
Bitcoin is also making such a move because ETFs have absolute influence.
If there's a special event, it's different
(For example, Elon Musk also uses bitcoin to pay on Twitter.. lol)
If such a situation does not happen, I don't think there will be such a big change over the weekend.
We're testing the bottom of the box right now, so if you get 50500
It can go up to 48000. There is a resistance line around that time.
If we turn upward, we'll go test the possibility of another 53000.
How to identify trading signals
A trading signal is to eventually catch an inflection point.
Whether it's the timing of going up and going down,
Whether it's the timing of going down and going up
Eventually, they aim to grab an inflection point and enter in the reverse direction.
I'm not trying to grab your head and toes completely
You have to try to hold your shoulders and knees.
So, based on the Dow theory, we aim for a lower full high or a higher full low.
And whether that inflection is a sweep or a really meaningful inflection
To add to the rationale for that
View additional RSI or MACD
Or it's good to look at the volume of trading.
If you move without trading volume, it's a fake signal
The probability goes up further.
The Bitcoin Market Narrative
There is no particular narrative in the Bitcoin market yet.
However, the narrative that leads the market is
It's time to cut interest rates with Nvidia.
This state can lead to more storytelling.
If so, in the mid-term, I think the adjustment will begin after shooting upward once more.
The basis for the adjustment is not its own issue on Bitcoin
Because of the U.S. financial crisis
I think there will be an adjustment to the overall stock market.
It's a little overheated right now.
If the adjustment begins, it can be at least two to three months, or six months at the most.
This is a big picture.
In any case, this morning, I held the bat short upward and went in.
Yesterday, I was satisfied with a small victory with a single stroke.
I'm going to do that again today.
The goal is to go in and finish with a small victory if you see the long timing.
I share my luck to all the traders in the world!!!
I wish you all a successful investment!!!
Have a happy day
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