Here is the main trick of MM before the price rises again [BTC]
If you are a newbie traders and your ass can find a place when you see the price is going down, relax man. This is a classic trick from MM to make more fear in the street. People watching horror in the market feel bad and I understand why.
I decide to choose 4h TF. Our indicators shows us the RSI is almost oversold, the MACD is going down. What scenarios will be next?
The price down bc "Bitcoin falls after Goldman reportedly drops crypto trading plans"
I don't think this is a huge news, NYSE Is building a bitcoin exchange to allow its institutional investors to buy and hold Bitcoin, we should wait this EVENT.
The price will rise to 7200 again in a one-two days, then opens the new 3day session which can rise the price above 100EMA line, it would be the last step of forming the uptrend.
Bad scenario can lead the price to 200 EMA line support on the 3d TF, if it happens we should be ready for the blood crypto week.
Everything can happen on the volatile market, so don't forget about stop-loss.
Likes/Comments. Yes, please :)
I decide to choose 4h TF. Our indicators shows us the RSI is almost oversold, the MACD is going down. What scenarios will be next?
The price down bc "Bitcoin falls after Goldman reportedly drops crypto trading plans"
I don't think this is a huge news, NYSE Is building a bitcoin exchange to allow its institutional investors to buy and hold Bitcoin, we should wait this EVENT.
The price will rise to 7200 again in a one-two days, then opens the new 3day session which can rise the price above 100EMA line, it would be the last step of forming the uptrend.
Bad scenario can lead the price to 200 EMA line support on the 3d TF, if it happens we should be ready for the blood crypto week.
Everything can happen on the volatile market, so don't forget about stop-loss.
Likes/Comments. Yes, please :)