Looking for The Last Dime
Updated
Patience again paid off as we got to the previous Green Target 3. All the back-and-forth in-between cause a big redraw of levels of interest. Who would have known that Tesla would come to the Bitcoin party on such a crucial time? Does the news draw the chart or do buyers and sellers, who know more than you and I draw it? Money Man believes in TA more than in the news. He is prepared to put his last dime at risk if he has made peace with possibly losing it. So not, as he still needs to eat.
Conclusion: There is some notable space below price and that combined with the Darth Maul candle with big volume of 10 hours ago, leading into this mini consolidation, is not to be ignored. Money Man would rather be safe than sorry. How? You know his old tune: Do not get too close to the price. Sensible trading size on breakouts while knowing where your additional trades will put you on the chart. Very Important to me: Please like if you appreciate the effort (because it does take effort), Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: There is some notable space below price and that combined with the Darth Maul candle with big volume of 10 hours ago, leading into this mini consolidation, is not to be ignored. Money Man would rather be safe than sorry. How? You know his old tune: Do not get too close to the price. Sensible trading size on breakouts while knowing where your additional trades will put you on the chart. Very Important to me: Please like if you appreciate the effort (because it does take effort), Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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