BTC is at another critical juncture. And the big question is, are we going up or down?
Whereas there have been a lot of fear that the downtrend ( which is more of a prolonged retracement in my view) could continue, on the contrary, the tide seems to be changing, albeit painstakingly gradual for the impatient day traders like me, who thrive on high octane volatility, fraught with big risks and fat returns in equal measure.
At least we can see another strong support zone has been established around 46,500. What we should be look for right now is the best entry point to buy, with a solid stop loss just below 45,500, just in case things go south against all reasonable expectations --- this shit happens sometimes.
Good luck folks; see you on the other side soon. Tread with caution. Trade with your head, not your heart.
Whereas there have been a lot of fear that the downtrend ( which is more of a prolonged retracement in my view) could continue, on the contrary, the tide seems to be changing, albeit painstakingly gradual for the impatient day traders like me, who thrive on high octane volatility, fraught with big risks and fat returns in equal measure.
At least we can see another strong support zone has been established around 46,500. What we should be look for right now is the best entry point to buy, with a solid stop loss just below 45,500, just in case things go south against all reasonable expectations --- this shit happens sometimes.
Good luck folks; see you on the other side soon. Tread with caution. Trade with your head, not your heart.
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