Colleagues, after drawing the waves I realized that bitcoin is in a major wave “IV” correction and I believe that this correction is either over or about to be over.
Either way I believe that long positions should be prioritized.
I expect that the price will either immediately start an upward movement and reach the psychological resistance level of 90,000, or will update the low in the area of 75,866 a little more and then start moving towards the target.
In the second case, I advise using pending limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Either way I believe that long positions should be prioritized.
I expect that the price will either immediately start an upward movement and reach the psychological resistance level of 90,000, or will update the low in the area of 75,866 a little more and then start moving towards the target.
In the second case, I advise using pending limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
The price is behaving calmly so far, but I still tend to believe that the bears have not spent all their strength yet, so I place pending limit orders a little lower. I am watching the situation.Note
The price continued to show bearish sentiment. Therefore, I believe that limit orders from the lower levels should not be removed. I expect the upward movement to start.Note
Colleagues, the price reached the level of 85276.20 and it means that the bulls are gaining strength, but now I do not exclude that the price will still reach the area of 75866. If the 85276 level is updated, I will recommend that trades should be set trades to breakeven for those who entered long positions earlier.
Trade active
At the moment the price has formed a small flat. Its boundaries I denote by two levels 79964 - 85337. I recommend to do the following: when the price decreases, it triggers pending orders, if the price updates 85337, then most likely it will reach the target earlier and the one who entered the market at the market price will be on the plus side.
In any case, long positions are the priority.
Note
The level of 85337 is broken and I think that the price is going to the target quite confidently.I advise everyone who already has profitable long positions to set trades to breakeven. Further I expect correction and continuation of the upward movement.
Note
The price is moving quite steadily in an upward direction. The level of 87464.81 will be updated and then we will see the achievement of the target. In the meantime, another correction is possible, which will give us a chance for another entry into a long position. 
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✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader
🌅 INSTAGRAM: instagram.com/hellena_trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.