LTF Bitcoin Outlook.

#bitcoin bullish div on H4 RSI. Close above 34.5k gets back into the LTF trading zone we were in over the weekend. Close above 36.3k makes for a nice long set up to 40.5k.

Rejection at 34.5k and it would seem 30k is imminent. I still think we sweep down to 30k before we get back above 40k (if not more pain caused by global fear and panic around Ukraine crisis and Fed announcement).

Trade with tight risk management under these current conditions. Market is on thin ice as emotions are fragile.

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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals

Please note:

- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!

Note

Retest in progress. Don't want to see a H1 close below otherwise we should head back down to bottom of range. Hold here and it should propel the price back up to 40k range. #bitcoin

DaCryptologist

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DaCryptologist

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