Head an shoulders forming on the BTC 1hr timeframe, this is a bearish pattern.
If pattern is successful, ill be ready to short and take my first profits around 39.5k.
With any trade, ALWAYS be patient wait for confirmations to avoid any fake-outs.
I also have a short term bullish idea that I will post directly after this :)
The key to being a successful trader is to not matter which way the market is going, instead to just constantly profit when the market is up or down.
A good strategy I use mostly is bearish/bullish retest confirmations, once I get the confirmations of whatever pattern I am watching - I enter trades
Might post an educational video showing my POV and strategies to how I have been trading the markets for over a decade, its good to understand as many different perspectives as you can - then develop your own style.
* * At the moment - the market is sideways, choppy and RISKY * *
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade
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