Hello, everyone. This is Petko Aleksandrov, and I continue with another great example for our set up. The Counter Trendline started just from where I ended the previous video. So you can see that this candlestick failed to close above the 14 000. I think I was somewhere in here when I was recording the previous video. And after such a candlestick, if I zoom that, you will see it in detail. You see the price.

Huge Volatility

The price went up and down. Huge volatility, but fails to close above the 14 000 as I’ve mentioned a few times during the course, the round numbers always matter. So the buyers were not strong enough to push above the $14 000, and then we had a great Counter Trendline. OK, right over here, you can see that I have one touch and then a second touch. But even if at that moment the price succeeds it to break above, you see that I don’t really have a clear failure of the recent low. This is kind of low, but not really a new form to low.

OK, it is just a negative candle and then a positive candle. Now, this is a failure of the low. So you see, there are a couple of candlesticks, a little bit of reversal formation over here known as Saucer, So it looks like a Saucer, you know, the one we put below the coffee cup. But anyway, I’m not a huge fan of these formations and patterns. What I’m looking at are the lows and the highs and the failures. And this is where the buyers show that they are stronger than the sellers, and they don’t allow the price to go below that low. So the low here was at 13 216. So you see, that’s a huge move, guys going down from $14 100 to  13 200. That’s a very bearish move of almost a thousand Dollars, OK, $900. However, the price failed to take the low, and I had just the perfect set up. OK, a strong Counter Trendline, one-touch, second touch. And here the price fails to one and the second time, even third and fourth time even there were no touches, but still the price failed. And then we have the failure of the recent low. The thing I’m looking for. And then an impulsive break. OK, you see a long candlestick closed nearly on the extreme, and the bigger part of the candlestick is above the Counter Trendline. So it’s a great opportunity to repurchase it.

Bitcoin Rates

And this time I have bought another piece of Tezos. OK, so if I show you my wallet at the moment, I will show you just the PDF so it will make more sense to you. The last cycle has finished for me on the 31st of October with a relatively smaller profit from what I had previously with the last cycles. But that depends a lot on the market, guys. As I have mentioned in the previous video, most of the money flows now into Bitcoin due to the US elections, which are actually today will see if they will somehow reflect the Bitcoin or the market. And we are in the second wave of Coronavirus lockdowns and most of the country. So, yep, there will be unexpected times, but it happens when there are huge events on the market. So we cannot always expect constant profits from Bitcoin or the Cryptocurrencies or any of the other assets. In this case, one more time, the moves were with the Bitcoin and gained a lot more than some of the other Cryptos. Something unusual, as you saw in the course.

But again, I stick to the system, and I follow it strictly, so the last cycle ended on the 31st of October 2020. What I have is the new period, starting on the 31st of October 2020, will see how far we will go. And these are the assets that I have for the moment. And the last one is the Tezos at a lower price from where I have bought it the first time in the cycle. But what I wanted to show you actually is the last time when I sold the Tezos, you can see that it was at the price of 6.75, OK, and now I’m buying it at 3.75, 3.28, OK. This is a 50% lower price from where I sold it. OK, back in August. So that’s the idea of the whole system I’m showing in this course with so many examples. I just wanted to catch them one after another. If I was holding the Tezos, or the Link, or the Ripple, or any of the others, during this time, I would have lost so much, and I couldn’t take these profits that I took. OK, so what I do, I buy.

Final Words

With the fantastic target of Fibonacci, I sell them at the more expensive price, only the assets that are on profit, and then I buy them at lower prices. OK, here you see exactly how it goes. I sold the Tezos at 6.75. I am buying and now at 3.75 and in 3.28, which is more than 50% cheaper than where I sold it in August. All right? So that’s my type of investment. I don’t want to buy and hold forever because this way, I’m not taking profits. I prefer to buy hold until I have profits, sell it, and buy it at a lower price.