THETAUSDT 31 DECEMBER 2021 The chart don't lie. You don't really need to guess. I used to not believe the facts in front of my face either. I wasn't very good at this either when I first started and only had a few youtube TA videos under my belt and still listened to social media bitcoin charlatans... Ive been there to.
Facts. The facts are in the chart. You do not need to make assumptions or grandiose projections.
It looks like its hit buyers a bit but they have been ran over for now. They are "hodlers" AKA bag holders. Bag holders see the chart in a very emotional way and throw their good judgement out the window.
IF and when price reaches previous major order blocks and hits buyers is when I personally will look for an entry,. I have no attachment to this token/coin or whatever the experts call it. I could care less about the technology involved or what the twitter finance experts tell me. I could care less if it drops to sub zero cents or 1000 dollars per unit.
There are plenty of other instruments to trade. In the meantime i have alerts set at areas that I think there will be action later Of course this is tricky. The best targets are previous order blocks or previous demand zones (same thing).
If it gets there and the volume situation is right then ill take the risk. If it does not get there and behaves poorly it doesn't matter to me since I am in control of my capital waiting for conditions to be favorable.
Don't agree with me? Good. You should be thinking for yourself anyway. To think for yourself in trading even better start here:
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
LOL .. Happy New Year and GOD BLESS.
