KarYong

Bitcoin turning on a Bat?

Long
BITSTAMP:BTCUSD   Bitcoin
Isn't it interesting to see how many traders REACT to the market instead of RESPONDING?

As a trader, we should always respond and NOT react. And in order to achieve that, we need to always have a plan and prepare for the various scenarios before the market even happen. Yes, VISUALISATION is important :)

Coming back to the chart, we might see a Bat completion around $7,150 area in confluence with a one-to-one harmonic move.

Disclaimer again that I personally feel that this crypto-craze is causing huge volatility in the market, and thus not an ideal asset/market for me to be trading in.

Do make sure you have a proper plan and risk management in trading such volatile market.

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