To be honest I'm not playing a lot with this market any more!
Meaning, that I believe that it's a safer market these days in compare to our High Days back in December '17, and so I am just following my longterm plan.
The signals that I'am showing in my chart doesn't mean that I have to fully exit from any trades now or any time soon.
I have already taken some profit our after we touched the Support/Resitance area that it is above our current price. And, to mention that, this area is into play from October 2017!
The signal is to give us more weight/probabilities into a Bearish continuation and so to know that this area is not a favorable area to add.
A Cup & Handle pattern will be very welcomed but I see more possible the scenario to touch our 2019 lows again. Masses are hurry to see a bullish market again but we know that we don't have to follow our instincts in the markets.
Accept the signals that the charts are showing, the way they are. Try not to follow your fears and your greed.
And also: Stay Safe!
Anything can happen in the markets (especially the crypto markets) and the real truth is that the price action is mainly based on randomness!
We see awesome development in the crypto space but as a trader/investor/analyst, you have also to be prepared for the worst scenario that can happen.
--> This post is not financial advice! These markets are really aggressive, you can loose all your capital! <--
Meaning, that I believe that it's a safer market these days in compare to our High Days back in December '17, and so I am just following my longterm plan.
The signals that I'am showing in my chart doesn't mean that I have to fully exit from any trades now or any time soon.
I have already taken some profit our after we touched the Support/Resitance area that it is above our current price. And, to mention that, this area is into play from October 2017!
The signal is to give us more weight/probabilities into a Bearish continuation and so to know that this area is not a favorable area to add.
A Cup & Handle pattern will be very welcomed but I see more possible the scenario to touch our 2019 lows again. Masses are hurry to see a bullish market again but we know that we don't have to follow our instincts in the markets.
Accept the signals that the charts are showing, the way they are. Try not to follow your fears and your greed.
And also: Stay Safe!
Anything can happen in the markets (especially the crypto markets) and the real truth is that the price action is mainly based on randomness!
We see awesome development in the crypto space but as a trader/investor/analyst, you have also to be prepared for the worst scenario that can happen.
--> This post is not financial advice! These markets are really aggressive, you can loose all your capital! <--
