BTCUSDT: IS IT REALLY TRYING HARD ??Hello !!
Welcome to the quick update of BTCUSDT. It is currently trading around $ 21400. With the last low of 17600, it bounced pretty well all the way until 21600 thereby hitting the immediate resistance.
As of now, it is trying to retest the 19k mark but failing to do so and regaining the 21k mark. As per the charts, it is evident that the price can take a dump if it breaks the triangle pattern.
BTC is at a decisive point that can impact the market both in a positive as well as negative manner. I suggest everyone wait for a confirmed breakout or breakdown before making any trade decisions and let BTC decide its way ahead.
Till then stay tuned and trade with caution with strict STOPLOSSES !!
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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Marketmovement
3 Market Movements- Range, Volatile, Trend.Today , I will be showing the 3 kinds of movement in the market (besides our classic up , down , sideways ) ,how to spot them, and how they tend to intervene with one another.
Range ;
When price is sitting in a range, that means it tends to be moving sideways , usually due to indecision amongst big investors.
I usually don't trade if price is moving in a range, however if you scalp you can catch huge R/R by buying at the bottom and selling at the top.
Trend :
The more safe, slow, and practical market to trade in. When price is moving in a trend, it tends to be moving *smoothly*. What I mean by this
is that while price is respecting the trend, it gradually moves to the desired location. This usually provides decent R/R with decent probability.
Fast Moving/Volatile :
This is the most dangerous market to trade if you're not experienced, knocking SL' clean out. When market is moving very volatile and fast, that's
usually due to more positions being added amongst traders. If you're not on the right side of the tug of war while these positions are being filled, you will suffer.
When price moves fast, it tends to stop fast also. TP' are harder to calculate during these times.
AUDCHF SELL Entered off a minor area of supply i found on my M5 , can't post from a timeframe lower then m15 since tradingview dosen't allow it , sorry guys :( , Want price to break the minor demand zone (blue zone) to continue pushing to the downside, still in my original sell that i got from my drawn area of daily supply
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-This is merely MY outlook and not advice on what YOU should do just my opinion on what I see