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The end of the rising wave Hi this Aklane from ABtrading , as you can see in the chart the rising wave from 28k to 50k has expired , now the bitcoin is in a really important area and it's not really good to trade especially for beginners , in my opinion there are two posibles scenarios : the first one is the Btc will move tranversely within the channel between 45k and 51k and it will end with breaking this channel and go to 60k as a first target in the end of September . the second is the Btc will go down to the 42k area and start his new rising wave to the 60k in the end of september. that was my opinion that i wanted to share with you. if you like my posts smash the like👍 button, comment and follow me. Thanks for reading my ideas. Regards, Aklane
by ABtrading2
CHoCH Mitigations Change of Character m15 EU first takes the high (liquidity) , and then breaks structure, leaving behind a POI (point of interest) that needs to be mitigated. Your entry would at the 25-50% of the mitigation . Always Follow HTF and also use smaller timeframes when price returns to POI for refined entries with extra cofirmations and a potential fractal CHoCH at the POI mitigation on a LTF (1 min, seconds) . When using a lower timeframe entry at the HTF POI mitigation, remember to use the HTF targets the benefit of LTF is for smaller stop and extra confirmation that the POI being mitigated will hold/valid .
Short
by Jahvonte_Edmonds
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