Market trends tend to continue for quite some time, If you fight the trend and try to go against the trend you will get recked. The trend is your friend so let the stars align and go with the flow. Thats how we did so well in 2018 pull back right? Or you thought it would go higher? Now when the market is pumping you want to put the bear hat in the closet. Thanks and good night
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We have closed the week above 11500, we need to close next week above 12K and continue this trend.
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Green Target has been reached, We should find support here and bounce in these areas. The lower target would vbe $10,250
based on the the chart why not go with the trend and wait for another touch of the support line before going long in a risky area
TheCryptAlpha
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@DerrianNesbit, entries should have been in the green box area under 10K. Now you should wait to buy in when we break out of the triangle
DerrianNesbit
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@TheCryptAlpha, Yes I understand what you mean but what I'm saying is that if someone is looking for a trade now then one should wait for a backtest of the support and not go long as of this moment because there are many new people in this space everyday and maybe they might interpret what you mean by long to 14k as long rn and then they may lose money if the uptrending support line is retested.