Hello people, hope you're doing ok:
Today we closed the month, and the picture is not looking good for BTC and by consequence to all CRYPTO market.
In Twitter there is a guy named PLAN B (as the reggeton duo) that correctly predicted the closing prices for this last months, he had expected a 63k closing month, and what happened? All moonboys believed that this guy will have another correct prediction for BTC .
- This is basic psychology in trading, when everybody is expecting something the 95% of the times will happen... the opposite.
I totally prefer to use price action than indicators and all that bullshit that everybody is using, so we can see that BTC is breaking the bullish trend of this last 2 weeks.
The market maker will go for the Order Block, i will be going long when price reach that level, but so far I can see that upside movement is only a dead-cat bounce.
Thats it for today, im going to spend my profit of the past prediction (all movements where almost perfect, even the top!!!!). - Check related idea - This analisys was made on August 23!!!!!!!!!!!!
Safe trading for all.
Today we closed the month, and the picture is not looking good for BTC and by consequence to all CRYPTO market.
In Twitter there is a guy named PLAN B (as the reggeton duo) that correctly predicted the closing prices for this last months, he had expected a 63k closing month, and what happened? All moonboys believed that this guy will have another correct prediction for BTC .
- This is basic psychology in trading, when everybody is expecting something the 95% of the times will happen... the opposite.
I totally prefer to use price action than indicators and all that bullshit that everybody is using, so we can see that BTC is breaking the bullish trend of this last 2 weeks.
The market maker will go for the Order Block, i will be going long when price reach that level, but so far I can see that upside movement is only a dead-cat bounce.
Thats it for today, im going to spend my profit of the past prediction (all movements where almost perfect, even the top!!!!). - Check related idea - This analisys was made on August 23!!!!!!!!!!!!
Safe trading for all.
Note
Obviously this trade is already closed on November 26Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.