Love the @alanmasters work. Clear and concise. I also would like to add that I've been sensing a lot of anxiety with people when it comes to trading and not knowing whats going to happen. We keep going up, then retracing, then going up...there isn't a rhyme or reason. And the truth is markets can act irrational or emotional just like people. Which makes sense as the markets are a derivative of us.
My recommendation is if find yourself in a streak of losing trades or you are feeling like whenever you trade the market goes against you...It might be time for the black box approach. The key is to know where interesting prices exist. If you have trades in the market really we don't concern ourselves unless BTC breaks above 4.4k or below 3.5k. The action in between is just noise. You can set up alerts in trading view and now you are free to walk away for days or if it takes weeks until BTC makes up it's mind and enters an interesting price area. Until then we are just trading in the dumb zone.
InvestingScope
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Solid chart Alan. We have a similar bullish perspective. It is already halfway through to the 1D Resistance:
@Laranja1, Thanks a lot. Your comment is appreciated.
UnknownUnicorn1615160
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@alanmasters - another great analysis. Thanks for publishing.
I just want to add.
BTC retraced and bounced off perfectly off the the 61.8 Fib level from the high of 4.2k. We need to break 4k to scale to next major resistance at 4.4k.
My recommendation is if find yourself in a streak of losing trades or you are feeling like whenever you trade the market goes against you...It might be time for the black box approach. The key is to know where interesting prices exist. If you have trades in the market really we don't concern ourselves unless BTC breaks above 4.4k or below 3.5k. The action in between is just noise. You can set up alerts in trading view and now you are free to walk away for days or if it takes weeks until BTC makes up it's mind and enters an interesting price area. Until then we are just trading in the dumb zone.