BTC -- October 2021 --
Updated
lets ignore every resistance but the one at 65k.... ok?
but are we long or short?!
both... but if you don't have enough funds you'll have to pick one
lets say we already have a long position at any number under 60k well put a trailing stop loss and place a few short contracts
@ 65k on another account (or wait for the weekly touch and see how it'll play out [meaning see if the weekly closes above 65k or not])
if the weekly closes above 65k well keep the long open and maybe even add to it.
if you didn't long under 65k this is where you long..... once the weekly closes above 65k
now we wait
if the week after closes under 65k, it means get out of your long till the weekly closes back above 65k
once were at 65k get into a short above 65k and a long below 65k and see how the weekly reacts to this line
ill update gradually below
this does mean you have to follow a few rules
1) the weekly close is the most important
2) don't get greedy
3) its fine if you switch between long and short just think it threw more
4) don't overleverage
5) the weekly can close above 65k and be bullish and the week after can close under it and confirm bearish so don't go all in
THIS IS THE LAST HOPE FOR BEARS!!! 65K IS IT!!! ONCE BROKEN
gg
100k min
not trading advice
be safe, good luck
but are we long or short?!
both... but if you don't have enough funds you'll have to pick one
lets say we already have a long position at any number under 60k well put a trailing stop loss and place a few short contracts
@ 65k on another account (or wait for the weekly touch and see how it'll play out [meaning see if the weekly closes above 65k or not])
if the weekly closes above 65k well keep the long open and maybe even add to it.
if you didn't long under 65k this is where you long..... once the weekly closes above 65k
now we wait
if the week after closes under 65k, it means get out of your long till the weekly closes back above 65k
once were at 65k get into a short above 65k and a long below 65k and see how the weekly reacts to this line
ill update gradually below
this does mean you have to follow a few rules
1) the weekly close is the most important
2) don't get greedy
3) its fine if you switch between long and short just think it threw more
4) don't overleverage
5) the weekly can close above 65k and be bullish and the week after can close under it and confirm bearish so don't go all in
THIS IS THE LAST HOPE FOR BEARS!!! 65K IS IT!!! ONCE BROKEN
gg
100k min
not trading advice
be safe, good luck
Note
FUD is realwait for a weekly close above 65k don't let greed take over
gl
Note
re buy area is @ 45k-48k if weekly cant close above 65k strongest btc support = 34k
second strongest =
46KNote
weekly closed bullish NOV 14 2021
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