You can see it on the chart. There is a confirmed down trend.
Now, am I bullish on BTC and Crypto absolutely.
Did I take action to adjust risk weeks ago absolutely.
Do I think this is the end, absolutely not.
Did I make moves to protect my gains, absolutely.
I don't like giving back what I have earned. There is nothing that says
this market has to go down any further, however, if you lose that red
box, you may want to switch your thinking. Derisking has already
paid off very well. Anywhere I re-enter the market it will be at a
large dicount.
Learn how to read the markets and also how to understand human
psychology from a group that has consistently been on it, trading bull
or bear with the best of them. Come join us @ Subverto Trading Club
Free link is in my profile.
This is not trading advice. I just draw the lines and color.
fibo gnocchi
- BTC went below the low the made the all time high
- BTC formed a lower low then a higher low and then repeated
- This is the definition of a trend. This trend is heading down
Now, am I bullish on BTC and Crypto absolutely.
Did I take action to adjust risk weeks ago absolutely.
Do I think this is the end, absolutely not.
Did I make moves to protect my gains, absolutely.
I don't like giving back what I have earned. There is nothing that says
this market has to go down any further, however, if you lose that red
box, you may want to switch your thinking. Derisking has already
paid off very well. Anywhere I re-enter the market it will be at a
large dicount.
Learn how to read the markets and also how to understand human
psychology from a group that has consistently been on it, trading bull
or bear with the best of them. Come join us @ Subverto Trading Club
Free link is in my profile.
This is not trading advice. I just draw the lines and color.
fibo gnocchi