Looking at past BTC halvings, we see that we do not have a trend. For something to become a trend you need 3 times to have same-similar results, and we only had 2 evenings so far.
That said, I was convinced, till I did not look myself, that BTC had fallen 50%+, but it looks like it was not the case. We had fall little earlier than halving, and on the second time, we had small retracement for BTC.
Now, if we only do analysis, and this is not a trading idea, maybe it is, but you need to determine your exit points on your losses and gains; we can only see that last 2 times we were above 21 EMA on weekly, and for now we are under 21EMA (yellow line).
My general rule for all charts, I am not generally looking for something to go up if we are under 21EMA weekly, and if we are above 21EMA weekly I love to look for longs and do the Elephant Walk strategy my way.
So for me personally, I look to see, can we pass 21 EMA, and make a positive slope on it, or we will get rejection now.
With this strategy, you will not get ultimate low, or ultimate top, (but combining other methods, you can), but you will stay out from most bad trades, trying to determine low or high.
Happy trading and stay safe and SAFU :)
That said, I was convinced, till I did not look myself, that BTC had fallen 50%+, but it looks like it was not the case. We had fall little earlier than halving, and on the second time, we had small retracement for BTC.
Now, if we only do analysis, and this is not a trading idea, maybe it is, but you need to determine your exit points on your losses and gains; we can only see that last 2 times we were above 21 EMA on weekly, and for now we are under 21EMA (yellow line).
My general rule for all charts, I am not generally looking for something to go up if we are under 21EMA weekly, and if we are above 21EMA weekly I love to look for longs and do the Elephant Walk strategy my way.
So for me personally, I look to see, can we pass 21 EMA, and make a positive slope on it, or we will get rejection now.
With this strategy, you will not get ultimate low, or ultimate top, (but combining other methods, you can), but you will stay out from most bad trades, trying to determine low or high.
Happy trading and stay safe and SAFU :)