Hello, dear students, I have here formed another counter trend line from this recent top that was 1
actually a record high for the Bitcoin. 2
If you put your mouse on the closing of the bar, you will see exactly the high and 3
this is $4920.64. 4
If I zoom out, you will see that this is a record because it's higher than the previous one that we 5
had. 6
And down here, the previous counter trend lines that we had. Actually here, you can see I was able 7
to have one more. 8
But I have missed this one. 9
Anyways, I have now, this recent one. 10
I will show it to you one more time. 11
So if I go to the end and I draw it from the top, from the highest point up to the recent high, you 12
will have a nice counter trend line that you can use as an entry point. 13
And as well, if the price falls now lower, I can draw an aggressive counter trend line. 14
But if it doesn't, I can use this one. 15
So right now, I will place an order. Type- 16
I will choose, as well, 17
Pending order. 18
And from drop down menu, I will choose a Buy Stop. 19
I would like to end at 4810, which is a little bit above my counter 20
trend line. 21
So my Take Profit would be $5030. 22
I am clicking on place, and you will see here is the Pending order. 23
And right over here is my Take Profit. 24
So I will continue the video if my order is executed. 25
But if the price continues lower, I will just drag this entry lower. 26
So this way, I will be able to buy at the cheaper price. 27
Thank you, guys, for watching.