This will be a short analysis. Most of my thought processes are already shown on the chart. (If you prefer analysis this way, leave a like and comment below)
The long term buy between $6800 - $7300 is still in profits however there really needs to be a good consolidation and low volatility happening in order for me to call it's a bottom. In the short term, I think the more likely scenario is a retest of the $7050 level.
I am not trading this short term scenario as you all are aware I am preparing myself for the next bull run. I am providing this analysis for people who is willing to learn, and for those who are a scalper.
Anything you don't understand? Feel welcome to ask me below.
Taiwan Bear
The long term buy between $6800 - $7300 is still in profits however there really needs to be a good consolidation and low volatility happening in order for me to call it's a bottom. In the short term, I think the more likely scenario is a retest of the $7050 level.
I am not trading this short term scenario as you all are aware I am preparing myself for the next bull run. I am providing this analysis for people who is willing to learn, and for those who are a scalper.
Anything you don't understand? Feel welcome to ask me below.
Taiwan Bear
Comment:
Couldn't update the post on TradingView's mobile app. Anyhow, if you are in my group, you should have secured some profits (if you are shorting).
