Tutorial 18 - Bitcoin BTC Feb 6 - BTC Update - Summary of ABCDE with live play.

Let's summarize how this pattern was played and what I did. These patterns are commonly found in corrective sub waves. In an impulse up or against the trend, usually the wave 2 and 4 alternate. For example if wave 2 does ABCDE , wave 4 has a strong chance to do an ABC.

We see a great ABCDE forming, then breaks down heavily.

The trend line channel support, if broken, was the signal to enter to our target.

We also notice the 15 minute RSI in a descending triangle pattern, which signaled once the RSI support was broken, we short.

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

My Comprehensive List of Tutorials
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Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - How to Analyze Candlesticks Charts with Strategy
Lesson 3 - Moving Averages
Lesson 4 - Relative Strength Index RSI with Advanced Strategy
Lesson 5 - MACD and Histogram
Lesson 6 - Margin Trading Long, Short, Leveraging
Lesson 7 - Basic Risk Management
Lesson 8 - Fibonacci Retracement Part 1
Lesson 9 - Fibonacci Extension Part 2
Lesson 10 - Laddering
Lesson 11 - How To Interpret Time Frames
Lesson 12 - Swing Trading Advanced 55 EMA Strategy
Lesson 13 - Introduction To Elliot Wave Theory
Lesson 14 - Using a Basic Excel Tracker for Risk Management
Lesson 15 - Automatic Stop Sell/Buy Executions
Lesson 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2
Lesson 17 - 6 Hours Live Trade Scalping. Growing $2,000 Account into $3,500
Lesson 18 - Bitcoin BTC Feb 6 - BTC Update - Summary of ABCDE with live play.
Lesson 19 - Elliot Wave Theory, Fibonnaci Retracement & Extension (Combined with Feb 11 BTC TA)

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The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

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Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.