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RaynLim
Apr 8, 2024 9:16 AM

Bitcoin Analysis: Waiting for Confirmation Short

Bitcoin / U.S. dollarBitstamp

Description

- Trade Strategy: Bearish Deep Gartley
- Timeframe: 4-hourly chart

Analysis:
- Importance: Emphasizes the need for confirmation before entering a trade

Trade Plan:
- Entry Condition: Wait for candlestick confirmation
- Confirmation Sign: Look for a Magic Candle indicating a qualifying trading setup
- Engagement: Engage the trade only upon confirmation

Insights:
Trading requires plotting and planning a setup, followed by confirmation before entry. This cautious approach is favored by seasoned traders.

📉 Remember to exercise patience and diligence in waiting for confirmation before executing trades!
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