If we analyze market structure (base on ICT method), we can see it was a real zero sum game. At the end of the day, we got nothing , big player liquidate all position through stop loss and stop pending order are executed and liquidated in the next move. DIoes limit order is the solution ?
After a difficult correction in the last few days, I think the Gold is still forming wave 1, and now it forming sub-wave 5. So it is safe to take a long position.
While another coin has already developed the first impulsive wave after the dip, DOGE has not started it yet. It seems it keeps the potential power to do so. Breakout of the consolidation right now will develop a huge bullish of wave 3. Better to stay with a buy stop in this condition.
I think Bitcoin still forming wave 1. Hope it will start the recovery from the dip.
We think that wave A and B on major retracement wave have already complete. So we trade on wave C with a target price of 61.8% major retracement.
From the Daily chart, we see that the RSI 2 period show decline to 1.3. This indicates that could be a swing to a bullish bias. The target should be near the resistant area and the stop loss could be on the previous day low.