Bitcoin From 1hr pov

Bitcoin from the 1hr pov ( trade last 1 or 2 days) will bounce but don't expect much of it cause the Daily still in confirmed downtrend. Make some money and get out or just wait for a good move once the 4hrs gives us the long signal probably in about 3 to 5 days. stay tune.

Trade active

Follow up on trade. Seems like started to gain momentum but before start to continue higher it will enter what I call "Risk Area" where during the next 6 to 8 candles it will do one of two thinks move sideways or retrace to the $81965 to bounce again to complete its move with max target between $84085 and $85325 . Don't be greedy . every bounce on the hr tf is just to continue lower . DON'T expect it to print a higher high while the Daily trend is in bears control. Next high will be lower that $88700.

Note

Alright, now that it hade completed and passed thru the "Risk Period" it will move up for the rest of the 1hr TIME Cycle which will last for another 12 to 18 candles and during that time it will try to go as much as it can ...even tho will NOT be much, and whatever it advances during that period of TIME once is done the next move will be DOWN with targets in the area of $81235 and $79965. Buckle up ladies and gentlemen we are heading for a wild ride. DON"T stay too long or you will be trapped.

Note

Volatility dictates how long the Cycles last
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Trade closed: target reached

Alright, TIME for the 1hr Cycle is completed and by strategy this is where the trade ends, that it can extend a few more candles sure it can but when having a strategy and strategy says TIME's up we don't argue. Well from here on is just a matter of TIME for the 4hrs tf to give its signal when the TIME is right. stay tuned.

Numberfive

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Numberfive