BTCEUR 22 NOV 2020 1036 hrs (chasers lose)

COINBASE:BTCEUR   Bitcoin / Euro
Trend analysis versus range analysis.

Price moves in waves, not strait lines.

You can see the two key potential supply/profit taking zones. You dont want to buy when the CO is selling. Where does the CO sell? Where does the CO buy?

Buy low/sell high right? If you miss it or it fails to meet criteria, depending on your personal risk tolerance you let it go.

A good rule of thumb if in teh learning process: Do not enter a trade as soon as you open your chart. Assume you missed the move. Wait for profit taking to cease and for price to come to you. If you chase it, 9/10 times you will lose.


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