How will one profit along a short-term Bitcoin swing?
Updated
Not intended to be a piece of financial advice.
Bitcoin is now in a swing mood within a range. May reverse from around 30500 in an hourly timeframe.
Traders are, by nature, opportunists. We need to have an open and clear vision of the mindset of an opportunist. Therefore, we follow the game and play accordingly. There are simple rules and simple objectives. The goal is one - win.
When heavy traders begin to sell off, the swings occur as soon as buyers jump in. In this scenario, the TA creates a simple algorithmic opportunity for all who can see it happening and know when to enter and exit.
If I were to enter the game, I'd enter along with the signal confirmation and exit as soon as the signal flashes. No deep thinking. No emotional attributions. There are no ifs or buts in the market. It just happens, and when happens, it doesn't wait for anyone out there. Get in and get out at an algorithmic decision.
Bitcoin is now in a swing mood within a range. May reverse from around 30500 in an hourly timeframe.
Traders are, by nature, opportunists. We need to have an open and clear vision of the mindset of an opportunist. Therefore, we follow the game and play accordingly. There are simple rules and simple objectives. The goal is one - win.
When heavy traders begin to sell off, the swings occur as soon as buyers jump in. In this scenario, the TA creates a simple algorithmic opportunity for all who can see it happening and know when to enter and exit.
If I were to enter the game, I'd enter along with the signal confirmation and exit as soon as the signal flashes. No deep thinking. No emotional attributions. There are no ifs or buts in the market. It just happens, and when happens, it doesn't wait for anyone out there. Get in and get out at an algorithmic decision.
Trade active
Breaching 29300ish has potential to reach back to 29400ish level from where the short-term rally began. I'd wait until the reversal Signal Confirmation occur.
Join our Bitcoin community at coresats.com/. Interested to ride on "Bitcoin" indicator and strategy that avoids emotions and helps focus on chart patterns and returns? You got it. Let's thrive together!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.