BTCUSD "Idea" and Common Sense.
Updated
Bear and bull count in sight, a break above the current channel will eventual take us to $8200 but if there is more selling pressure i doubt we can reach this level. The market decides to follow news or ideas to expect the actual reaction you're wrong. If you want to trade you need to analysis the market yourself, no one will know exactly what is going to happen and its better that no one will. This leaves room for more maturity and growth in the market. Anyone who is comparing bitcoin with 2014 and below does not understand the maturity of the market and will insert negative idea's in the market, there isn't a right or wrong answer.
In order for you to become a better trader you would need to understand that if you step into this ring (accepting risk) expecting not to take hits and continue delivering OK's you should stop trading.
How you remove this fact from your sight? you allow yourself to take risk, but make sure that these risks are calculated and not based on idea's or information spread out to manipulate your thoughts and decisions.
Set a tight stop loss, yes its better to get stopped out 10 times an eventually ride the winning trade while you "learn". This will eventually build your confidence and help you in understanding the market better in the long run.
No long winded nonsense about how this ma is resistance and were you should buy or sell this is sense mostly common.
The only reason i post here is for the criticism from others so criticize away :)
In order for you to become a better trader you would need to understand that if you step into this ring (accepting risk) expecting not to take hits and continue delivering OK's you should stop trading.
How you remove this fact from your sight? you allow yourself to take risk, but make sure that these risks are calculated and not based on idea's or information spread out to manipulate your thoughts and decisions.
Set a tight stop loss, yes its better to get stopped out 10 times an eventually ride the winning trade while you "learn". This will eventually build your confidence and help you in understanding the market better in the long run.
No long winded nonsense about how this ma is resistance and were you should buy or sell this is sense mostly common.
The only reason i post here is for the criticism from others so criticize away :)
Note
in a channel at the moment market looks confused as always btc does not make it easy.Note
i would expect some action soon mostly bullish....lets see 7700 break for 8000Note
although i know that we have completed 1 cycle of bitcoin and there is going to be alot of downside action...but not just yet $4888 and below yes still possible this market anything can happen especially for those who have not know(emotion)technical yes 1 cycle equals to requisite correction one of high magnitude and depth...its in the chart we just have to look....trend = bank
Trade closed: stop reached
C in view!
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