BTC short Tradingplan
Updated
Hi EverOne,
i Added on top of previous chart i would like to share some pattern wavecouts on top of it.
rule nr 1 : never short at a potential wave D ( this is often a huge trap) same for an falling wedge, its exact the opposite.
rule nr 2 : now how to count your waves, you want to spot a 5 wave structure with higher highs and higher lows with an apex wich is declining. the first wave needs to be inpulsive and may not made an lower low. This would inval your wave count for an wedge.
rule nr 3 : ONLY enter if you spotted an valid wave E with some bearish divergence on top of it!
Everyone nows what is an wedge..
But almost no one seems to knows how to really trade them.
Enjoy your new set of rules,
If u found this valueble please put your comment below, Thanks!
Goodluck,
Team Quantistic
i Added on top of previous chart i would like to share some pattern wavecouts on top of it.
rule nr 1 : never short at a potential wave D ( this is often a huge trap) same for an falling wedge, its exact the opposite.
rule nr 2 : now how to count your waves, you want to spot a 5 wave structure with higher highs and higher lows with an apex wich is declining. the first wave needs to be inpulsive and may not made an lower low. This would inval your wave count for an wedge.
rule nr 3 : ONLY enter if you spotted an valid wave E with some bearish divergence on top of it!
Everyone nows what is an wedge..
But almost no one seems to knows how to really trade them.
Enjoy your new set of rules,
If u found this valueble please put your comment below, Thanks!
Goodluck,
Team Quantistic
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update
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There it goes..Note
Check out our new scenario thread ''IF'' BTC already has bottomed out.
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