There is no need to cheer on the rise.

Updated

There is no need to get excited just because the WXY adjustment is completed and the uptrend is connected.

After reaching the 5th wave, fear will return and that will be a very important trading opportunity for traders.

Note

It is building a flow in a bullish form rather than a regular form.

Because the 2024 Bitcoin Conference is seen as an expectation related to Trump, short positions need to be taken with caution. If possible, I recommend trading in the form of accumulating long positions.

Note

The 2024 Bitcoin Conference had a lot of liquidity fluctuations due to the influence of Trump. (The writer also enjoyed watching it.)

However, the judgment on the point of reaching the upward trend is the same.

Note

It is necessary to identify and trade the rising end point.

Note

The current section is likely to lead to overbought madness. Even if the target point is reached, it is wise to be conservative in short positions.

If you really can't stand short positions after reaching the target, I strongly recommend setting SL.

Note

The update timing was late due to personal work.

The strong selling volume is causing the short-term upward ending point to fall short and create an adjustment.

Even if there is a brief rebound, there is a high possibility that additional adjustments will occur.

The current main public opinion, the CME gap, is a very likely public opinion.

Note

I think it would be helpful to check the overall flow in advance when trading.

I plan to set up a section flow like the image above and reinforce the details.

(The writer always sets up the overall scenario and updates it while reinforcing it, but since August is a month with a lot of personal schedules, I am sharing the overall scenario in advance.)

Note

The thing to watch out for in a brief rebound is unnecessary expectations.

Even if there is a rebound, if you understand it as a decline, I think it will not be difficult to trade.

Note

I think there will be a rebound while maintaining the current price range.

However, I hope you trade while keeping in mind that this is a rebound for a bigger decline.

Note

The update is late compared to the time of the squeeze.

I plan to identify it as section 535 and set up a trade with a reverse head and shoulders.

Note

Identify the diamond pattern and fix the rising judgment.

Note

The diamond pattern was rejected.

In this form, the adjustment zone expanded flat is impossible.

There will be further declines, and this is likely to cause a squeeze that will immediately end the second wave with a counter in the form of WXYXZ.

Note

Ignore the talk of further declines.

Even if the impulse occurred after the z-end of wxyxz and "smart money" shook the market, it is judged that the "broadening wedge" was built, which laid the foundation for the flow that supports the premise that a large rise will occur in September.

The writer is currently managing the position at a low multiple and ends this chapter, "There is no need to cheer on the rise."

The chapter title for the update on the next will start with "Don't miss it."

damngoodmoney

트레이딩으로 버는 돈으로도 충분히 만족하면서 살고 있습니다.
교육이나 기타 사업을 할 재능은 없고 개인 트레이딩에 방해되기 때문에 할 생각이 없습니다.

트레이딩뷰는 글을 수정이나 삭제할 수 없기 때문에(하우스룰 위반 제외) 개인 판단을 기록하기 위한 용도로 적합하다 생각되어 사용하는 것 뿐이고 제가 볼 기록에 존댓말을 사용할 필요 없기 때문에 사용하지 않는것 뿐이니 불편하시면 안보시면 됩니다.

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