$BTC looking potentially bullish on 1D and 4H
BTC looking potentially bullish at the moment.. divergence showing on the oscillator (higher lows 1D) indicating a trend reversal, green volume dominating, 9 and 18 EMA's crossing, potential cup and handle forming, inverse head and shoulders playing out. Main thing is we need to crack this 6800k resistance zone and get back into the 7k area for a while. Must be this push for ETF's injecting a rush of hopium into the space. By the way, when ETFs were approved for commodities a while back, the corresponding charts went through the roof. Also.. smart money manipulating markets (and bots) can pull the rug out from under us at any time. TA out the window. My thing is this: TA gives me the opportunity to make decent calls, most work out, some dont and thats ok. ALL of us have bad trade days. The key thing for me is RISK MANAGEMENT. Good risk management ensures that gains far outweigh inevitable smaller losses. To win in this game we need to manage risk really well. Peace!
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