BTC 1-Day Chart
BTC on 1D chart is forming a Reversal Chart Pattern (Head & Shoulder). For Resistance and Support, kindly refer to the chart.
Key Points-
1. Whenever BTC dips to the support level, treat it as an accumulation zone to buy trending coins (Metaverse, Web 3, etc.)
2. If you have bought the coin at the higher price (Top bid) then it's the right time to do DCA (Dollar Cost Averaging) and minimize the loss.
3. Keep 30% of capital with you and place buy orders at the support levels.
4. Do not indulge in Future trading without SL and TSL as the market is choppy and could liquidate Long/short both.
5. As a trader it is important to respect the loss same as we respect profit, it's the part of the market.
6. Always remember, when you sell the coins right now, you will definitely book Losses but holding of the coin give you ample opportunities to book profit.
7. BTC will bounce back when the market sentiment will be full of fear.
Key Points-
1. Whenever BTC dips to the support level, treat it as an accumulation zone to buy trending coins (Metaverse, Web 3, etc.)
2. If you have bought the coin at the higher price (Top bid) then it's the right time to do DCA (Dollar Cost Averaging) and minimize the loss.
3. Keep 30% of capital with you and place buy orders at the support levels.
4. Do not indulge in Future trading without SL and TSL as the market is choppy and could liquidate Long/short both.
5. As a trader it is important to respect the loss same as we respect profit, it's the part of the market.
6. Always remember, when you sell the coins right now, you will definitely book Losses but holding of the coin give you ample opportunities to book profit.
7. BTC will bounce back when the market sentiment will be full of fear.
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.