From my perspective, BTC indecision continues but and I am still waiting. I will only buy if I see a closure above All-Time-High of around 65k and a further sell if see daily closure below $53k.
Patience doesn't hurt. Many of us lose money because we just want to jump into trade and chase price most time.
For the past three days, BTC has not been able to break the new high created at around $63k. That should be enough sigh to be careful and wait for price action. As far as I'm concerned BTC is still consolidate and look more like a market for scalpers for now and even scalpers needs to be very careful not to get trapped by using appropriate risk management and tight SL.
Happy trading!!!!
Patience doesn't hurt. Many of us lose money because we just want to jump into trade and chase price most time.
For the past three days, BTC has not been able to break the new high created at around $63k. That should be enough sigh to be careful and wait for price action. As far as I'm concerned BTC is still consolidate and look more like a market for scalpers for now and even scalpers needs to be very careful not to get trapped by using appropriate risk management and tight SL.
Happy trading!!!!
Note
LET'S SEE IF WE CAN ACHIEVE A CLOSURE ABOVE THE PURPLE BOX AT THE CLOSE OF THE DAILY CANDLE. THEN IT WOULD BE TIME TO PREPARE TO SEE IF THERE WOULD BE REJECTION OR BREAK OF THE ALL-TIME-HIGH OF 64,800 PLUS. THAT WOULD BE A GOOD CONFIRMATION FOR A BUY. $76K MAY THEN BE ON THE TABLE. I AM STILL WAITING FOR A DAILY CLOSURE ABOVE ALL-TIME-HIGH TO TAKE A BUY DECISION.
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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.