Bitcoin - Trade idea!
Now let me explain why I have two arrows drawn - The way I analyse the market is using break out strategies there are many ways to analyse the market and I don't fix my mind on one side side direction to trade any product I trade so that's why I'd use two arrows and then take the trend trade on whichever direction is enables to go. However, I am also not a signal provider - I am not here to hold your hand and to tell you when to buy and sell. Reason being is because when you're trader controlling your emotions is the additional edge that takes a while to master but once you've got a good plan set + got your emotions in check = successful trading.
Key Tip: Use your own trade plan for further confluence.
Technical Aspects:
Pattern - Longer term: channel & Shorter term: Wedge
Support: 56366.35, 55013.10, 53236.90
Resistance: 59622.60, 61271.90, 63682.40
I really enjoy trading crypto's at times, the psychological aspects is retail dominant for now but my risk management differs totally I wouldn't risk a large % in crypto world than I would in other regulated products I trade and for day trades during the week I opt to trade crypto futures.
Have a great week ahead,
Trade Journal
Now let me explain why I have two arrows drawn - The way I analyse the market is using break out strategies there are many ways to analyse the market and I don't fix my mind on one side side direction to trade any product I trade so that's why I'd use two arrows and then take the trend trade on whichever direction is enables to go. However, I am also not a signal provider - I am not here to hold your hand and to tell you when to buy and sell. Reason being is because when you're trader controlling your emotions is the additional edge that takes a while to master but once you've got a good plan set + got your emotions in check = successful trading.
Key Tip: Use your own trade plan for further confluence.
Technical Aspects:
Pattern - Longer term: channel & Shorter term: Wedge
Support: 56366.35, 55013.10, 53236.90
Resistance: 59622.60, 61271.90, 63682.40
I really enjoy trading crypto's at times, the psychological aspects is retail dominant for now but my risk management differs totally I wouldn't risk a large % in crypto world than I would in other regulated products I trade and for day trades during the week I opt to trade crypto futures.
Have a great week ahead,
Trade Journal
Comment:
bears are in control...let's see this pull back occurring we could head lower 53 half areas.
Comment:
What a great sell off :)