ARE WE BREAKING 10500? (HISTORICAL RESISTANCE) or RUG PULL?
Updated
Good morning to everyone.
As I'm sure you all have seen BTC's price action lately you're all probably super bullish. (this might be the scenario where FOMO kicks in and carries us past 10500 resistance and straight to 0.5 fib level (10894).
HOWEVER in the flip side of things, If we don't manage to break 10500 or close above 10k on a daily close bears still have a shot to protect the 2 & a half year down trend and historical resistance.
REMEMBER:
1. Stick to your TA - not your emotions or "gut feelings"
2. Think with logic, intelligence, knowledge, experience & confidence - NOT fomo, emotion, or greed/fear.
3. BE consistent every single day - this will eventually enable your mind to psychologically allow things to flow in ease without stress.
4. How to trade with logic - Over risking, Over leverage, and Overthinking will destroy your trading career before it even starts if you can’t learn to control those 3 things.
5. Protecting capital = small gains = big gains overtime and you have funds for the best opportunities to capitalize.
6. EVERY trade is either a blessing or a lesson - accept every loss & move on.
7. This is a MARATHON, not a SPRINT.
Short term: bearish if we lose 10k/bullish if we gain 10500
Medium term: Bearish
Long term: BULLISH
PLEASE SMASH THAT LIKE BUTTON.
👍👍👍👍👍👍👍👍
As I'm sure you all have seen BTC's price action lately you're all probably super bullish. (this might be the scenario where FOMO kicks in and carries us past 10500 resistance and straight to 0.5 fib level (10894).
HOWEVER in the flip side of things, If we don't manage to break 10500 or close above 10k on a daily close bears still have a shot to protect the 2 & a half year down trend and historical resistance.
REMEMBER:
1. Stick to your TA - not your emotions or "gut feelings"
2. Think with logic, intelligence, knowledge, experience & confidence - NOT fomo, emotion, or greed/fear.
3. BE consistent every single day - this will eventually enable your mind to psychologically allow things to flow in ease without stress.
4. How to trade with logic - Over risking, Over leverage, and Overthinking will destroy your trading career before it even starts if you can’t learn to control those 3 things.
5. Protecting capital = small gains = big gains overtime and you have funds for the best opportunities to capitalize.
6. EVERY trade is either a blessing or a lesson - accept every loss & move on.
7. This is a MARATHON, not a SPRINT.
Short term: bearish if we lose 10k/bullish if we gain 10500
Medium term: Bearish
Long term: BULLISH
PLEASE SMASH THAT LIKE BUTTON.
👍👍👍👍👍👍👍👍
Trade active
What happened once we broke 10500? exactly what i said....STRAIGHT TO 10894...wicked to 10964Note
Note
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