RACEACEACE CHOP IT UP #BITCOIN #XBTUSD
This is currently a no trade zone for me. I will wait for a better long entry, even if it is on Monday. I will opt to not trade during the weekend. The yellow horizontal rays mark the range until there is a move above or below them.
Resistance: 10550
Support: 10248, 9954
If there is a move above 10550, it will be towards 10733.
If there is a move below 9954, it will be towards 9878-9715.
I believe the price will most likely continue to chop traders out of their Bitcoin. I have decided to sit on the bench. There will be better reward for my risk on another day. The risk is not worth the reward for me with this current price action.
I also refuse to short. I will look only for long entries. There's so much money to be made longing. Why short? I'm not trying to be superman.
Simple rule of life: not all money is yours to be earned.
Stay safe!
Thanks
Ace
Resistance: 10550
Support: 10248, 9954
If there is a move above 10550, it will be towards 10733.
If there is a move below 9954, it will be towards 9878-9715.
I believe the price will most likely continue to chop traders out of their Bitcoin. I have decided to sit on the bench. There will be better reward for my risk on another day. The risk is not worth the reward for me with this current price action.
I also refuse to short. I will look only for long entries. There's so much money to be made longing. Why short? I'm not trying to be superman.
Simple rule of life: not all money is yours to be earned.
Stay safe!
Thanks
Ace
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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.
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.