Happy Trading Everyone!
The BB (Bollinger Band) Median (Basis) suggests this:
The 12 TF suggests more upward pressure to continue; which see:
REVERSAL IS IN THE BAG THIS WEEK...
I WILL COVER WHETHER OR NOT WE HAVE ALREADY SEEN BOTTOM WITH A NEW VIDEO WITHIN THE NEXT HOUR OR TWO...
The only people that truly win consistently in ForEx are the banks and the big institutions and George Soros.
Bitcoin is getting harder to trade. But we're going UP in October, like you said.
FX and Bitcoin can be traded if done so smart; with the right amount of leverage for the situation. I can't make a flat statement of a certain amount of leverage regardless of the market volatility, trend and type of trading one has time to do. It all depends... It also helps to be familiar with good indicators. ; )
It's not worth scalping bitcoin in very low time frames unless the market conditions are just right. Most trading is safer when using the 4h or 6h time frame or higher as a compass.
I think Bitcoin will PUMP back to $9k-$10k and drain more of the alts with it.
You can trade ForEx, but they encourage leverage and small timeframe patterns. I want something with low liquidity and a bunch of fools thinking they are investing (like a penny stock) in order to trade low timeframes from 6hr to 5mins.. Bitcoin is too liquid, for me to take all but longer timeframe trades.
Whereas, if you have a small-cap and less liquidity... there's less noise... Just get in and get out. PUMP and DUMP very quickly... in other words: Wham-BAM, thank you MAM. =D
But with all the liquidity, you have the nuisance of time. Time is the institutions NUMBER ONE weapon. They trade Bitcoin and other instruments 24/7 with AI.
However, somethings like Penny Stocks... the whales have real threats like the SEC halting trading... so they have to act fast and the campaigns won't take more than a few days or MAYBE a couple weeks at most.
Bitcoin though... it can just range trade forever.... for years.... Not yet though... But it's headed in that direction like ForEx.
Trading ForEx currencies is too hard because there is no clear Whale to pinpoint his motivations.... And it's just an endless range-bound market... And it may take 10 years for a currency pair to move 20%. zzzZZZZZzzzzz
Agreed... ; )
Obviously, not enough... Cause you could tell... ; )