Good afternoon, dear traders! I present this Bitcoin trading idea to your attention.
Yesterday, there was a powerful momentary initiative for the instrument, bringing it down to 80,000 in one day. This initiative brought the asset close to a clear technical platform of buyers at a price of 11,000:
I suggest working on a breakdown of this quote from a rollback according to the plan shown in the screenshot above.
In this graph, we have an ABC structure, showing wave A as yesterday's short initiative. The hunt will be carried out for the stops of buyers, which are under 11,000. On the breakdown of this level, the so-called broach, or slippage, and a significant increase in volatility, exhibit how you can earn extra money.
The trading idea is presented using the Price Action and Stop Hunt method.
Success in trading and control your risks!
The material has been provided by InstaForex Company - www.instaforex.com