KamileUray

#BTC fell before forming the Wolfe pattern. The wedge structure worked.
Selling pressure had formed at peaks No. 3 and 5, which I marked in the wedge. Candles with long upper wicks had formed at the top. This is one of the signs that this structure would work. At the same time, the RSI divergence during the rise provided another bearish signal, and the wedge worked.
We will now follow the 81478 peak; if it cannot close a 4-hour candle above it, the decline will continue further.
In the decline, 75545 is the first support; if it stays below this level, the decline may continue further. There is

Yesterday, tensions between Iran and the US escalated again.
The US struck missile launchers on Iran’s Larak Island.
Iran retaliated against US bases in Jordan.
Naturally, the markets opened under selling pressure.
Generally, there are moderate statements during the week following such news. I think there will be some recovery after the decline.

Good morning,
"Spend less time trying to predict exactly where the price will go.
Instead, create scenarios:
If it breaks out, what will I do?
If it gets rejected, what will I do?
If it drops, what will I do?
If nothing happens for two weeks, what will I do?
Preparation beats prediction."
-Dan

Good morning,
“Trading seems like the easiest way to make money.
It is easy to start.
It is just you and the market.
But making money sustainably is the hardest part.
Because the real struggle is not with the charts; it is with yourself.
With your fear, your greed, your impatience…
In trading, you first learn to manage your mind.
Then your trades.”

Good morning,
“Trading is like sailing;
you can’t control the wind, but with the
right strategy and mindset, you can weather any storm.”
—Deniz The Trader

Good morning,
“You don't have to know the market top.
Nor the bottom…
The real issue is knowing how to manage the move between the bottom and the top.
Instead of trying to predict every level,
read the price, create your plan, and stick to your system.
Because trading is not about knowing the future,
but about managing price action correctly.”