In our first post we said BTC had shown its first REAL signs and we needed to be patient. The run is now confirmed with us also above a long Term .
This is where trading skill and experience comes in. The longer it goes up, the stronger it looks the more the amateur wants to buy it. But the more the professional knows that price us getting closer and closer to a pullback and must learn from watching his wife shop for shoes, and wait for a better price.
So we are waiting for some of the existing buyers to take some profits and turn the market down. A pullback to our 6913 level (Black Line) and the 50ema (Red Line) seems most likely at this stage. Then we will look for a buying bar in our time frame and look to enter. I will talk you through this as we go. (I do aplogise for no recent posts a bit of a bug has kept me in a different room in the house).
The time is coming for profits to return to BTC traders. Be a bit more patient wait for the best entries and give yourself the best chance to join the party.
Trust your TA that’s not Technical Poop or Technical Meditation or any other hyped up Darkness. Just trust the Analysis and be patient and start and make some money.
Remember if you want to make Dollars your decisions need to make sense. If you want that to happen Likes are nice, but FOLLOWING is how you get the best information first.
Here is the right chart for the comment above