Now all we need is the BTC Daily timeframe to close above $6,800 and all should presume as normal. Emotionless, stress-free and never complex. All simple principles I'm teaching here🤞🏼
We still have $6900 in close sight and I would much rather sit back and watch the action unfold to then jump in after any mess has occurred. Anywhere around $6900- $7100is where I'll be looking to go short should those levels sustain and we remain below. If we do see a sharp spike upwards soon then I'll look to consider adding a very small position first. Way...
The reason I would never enter a trade in this situation despite how promising a short may look: I call this 'no mans land' as price is in unknown territory without sufficient higher timeframe key levels present. Once I plot my key levels (purple zones) I rarely ever change them as a lot of thought goes into their placement. Price is currently centralised...
BTC failed to sustain its upside momentum as well. Breaking below the countertrend line and currently floating below this level. This also keeps the projections in line with further downside to follow as we could not achieve the break through the trendline or crucial resistance right above. The trendline retest is what's on the radar now, where we will be...
The market is also still incredibly sluggish, once we see some movement I'll be able to provide you all with a clearer update/breakdown. As of now the trades all remain the same and so do the upside targets. I'm currently only in an XRP long trade.
BTC: My order still remains at the same level, however as stated yesterday the delay in the movement to the downside does put a slightly higher risk on the setup in comparison to if it came through earlier on in the day. We should see price find some support around $5400 - $5000 in the short term and we'll use this to identify how it's going to play out once we...
With $5800 - $5700 holding up solid we need to be more considerate now of a straight move to the downside. So far everything covered in the tweet above has unfolded perfectly, but we cannot rule out a manipulative push higher just yet. I’m not jumping into a short by any means just yet, this downside correction could retest all the way down towards $6,200 once...
The reason I would never enter a trade in this situation despite how promising a short may look: I call this 'no mans land' as price is in unknown territory without sufficient higher timeframe key levels present. Once I plot my key levels (purple zones) I rarely ever change them as a lot of thought goes into their placement. Price is currently centralised...
I cannot stress enough how crucial it is to have the correct key level structure and placement. You can see from my purple zones on this 4H BTC timeframe how effortlessly the price bounces back and forth from these level and retest when broken. This is arguably the most important part of building your trading foundation. Without understanding the key levels of...
You may only suspend a buy after the selected area has been broken The break is enough for you and I need to shut down
The requirement to climb and change direction to targets 17 K and 20 thousand is a weekly closing higher 10700 Also 9500 level on the daily frame Therefore, if you missed buying from 7300 you should wait at least closing and stability above 9500 Because if it falls below 8700 and a weekly close below it tomorrow, it confirms that we are still under the...
That sweep of the range high might happen and then get rejected right here around 9.1k People are flipping super bullish at the moment but to me, this looks like it could just be a bearish retest