Yeah.. some thing I learnt from TT yesterday Eye opening.. It's not about perfect. It's about rationale of decisions. From chart of yest record. You will know = concentrated volume and price It's in your toolbox: FIXED RATE VOLUME PROFILE put the range from open to close yest So now.. you will have a price. | rationale: if bulk of trades done at that...
Before you decide to press BUY ? SELL ? 3 things you ll need to align. (at least for me) Fundamental- your bias- will Pound be stronger than Yen visa versa check news.. incoming data bla2. Pattern - anything you like to support bearish/bullish Compensation - will your SL be enough to Targets 1:3 1:5 1:200 whatever... Next will be your patience.. either...
1st lemme remind myself that.. Price of gold is within.. what I call parabolic curve. AND it is still an up trend. So why did it selloff? I would say.. When there're money made .. say buyers of 2800, it's good to cashout some. Tomorrow is a good day to find out. I have only 1 scenario for a lookout. Mark today HIGH . If the tomorrow price tends to test...
rebound? Possible new highs? The structure that I have is double bottom , respected. It's too simple to comprehend; Maybe overlooked/ignorance to find holly... If this patterns fails it's ok. Matter of following another setup. Manage well.. if it overruns this.. find another. All the best.. n me not a guru PS/ catchy headline isn't it :) fun..part of...
I have bearish outlook till end of month. Price needs to break support to begin with idea. This idea will invalidate once high are broken. I think shift from safe haven asset to riskier S&P DOW and stock market in europe. Do not take my word, I'm not guru. Just my observation. All the best
Strong levels. Needs to be broken/respond. We cant be acting on everything. my POV is we are never in control. Price is always right. We only have theories.. and theories never work 100%. We have capital that we control 100%. Capital control= money management + theories that could work % better
Infliction price. Acknowledge 100k didn't hold. Further sellers are active. Could create some domino effects. My study: Next level could be 94k, if that don't hold 78k.. Problem with btc is current news, only price reference. Im new always in space. You know better than me. and I'm not a guru. All the best