BTC possible entry points ?
Hi
I really recommend to zoom out in your charts whenever you feel trapped in small time frames counting and see your chart in weekly (Mostly) and even monthly (sometimes) to get a conclusive picture of the events passed and may happens.
In my counting we are probably in a correction wave (in monthly/weekly chart) in BTC and even it is not correct we have 2 choices.
First scenario is that BTC corrects and so what will be important in blue line break out and get a sell position.
Second scenario is that BTC continues to its rally and then we will get a long position after ATH break out.
I flagged potential points for entry positions with starts.
Red stars = Sell positions
Green stars: Buy positions
It does not matter what counting is correct and if we are in bull or bear market.
and there is not any reliable and technical points for entry.
And one thing more, I never trade in this volume of any instrument in any markets.
Do not push yourself to get a position because your are nor forced to trade in any symbol that in not in its good days.
You are traders not the owner of instruments so just leave them and find something with more probable chances.
Done
Thanks
I really recommend to zoom out in your charts whenever you feel trapped in small time frames counting and see your chart in weekly (Mostly) and even monthly (sometimes) to get a conclusive picture of the events passed and may happens.
In my counting we are probably in a correction wave (in monthly/weekly chart) in BTC and even it is not correct we have 2 choices.
First scenario is that BTC corrects and so what will be important in blue line break out and get a sell position.
Second scenario is that BTC continues to its rally and then we will get a long position after ATH break out.
I flagged potential points for entry positions with starts.
Red stars = Sell positions
Green stars: Buy positions
It does not matter what counting is correct and if we are in bull or bear market.
and there is not any reliable and technical points for entry.
And one thing more, I never trade in this volume of any instrument in any markets.
Do not push yourself to get a position because your are nor forced to trade in any symbol that in not in its good days.
You are traders not the owner of instruments so just leave them and find something with more probable chances.
Done
Thanks
AMA
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