We lost 4,6% in 20 minutes, like I said ! - BTCUSDT ANALYSIS
Here we are again, like said in the past analysis (attached to this one) we can see the stop hunt pattern. We lost 4,6% in approximatly 20 minutes and all of it due to the stop hunt pattern.
However it don't seems to be a flush to my eyes (for the moment at least) so this mean that there will be opportunities to enter on the support. And it's not finished too ... Like I said I target the yellow area to consider the movement like a proper spring of Wyckoff accumulation pattern (lower it is in the area better it is).
But we just entered on a closer area which can do the job also (red one). Like I already explained, it's hard to determinate ths SC point, because there is this big flush on the 4th december which hide it in an exaggeration of market. However if the red one had to do the job we will see it directly in the next hours with huge buying volume, but I don't think so and my vision is always to aim the yellow area.
There could be a good conjuncture between the broken resistance of the down channel and this area also (we didn't reinstate into the channel so it's always a support).
Also, even if we go lower than the yellow area, don't forget that we are on support until $39,500 and we are not in bear market until $28,200.
It's an hard moment for some beginners where emotions are roughed up. But it's also the moment where you win most of your momey .... by not losing it.
So don't worry, be happy, be patient for opportunities and like always, only one advice to give : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions".
PS : Apologize for my english, I do my best. Don't forget to like, follow or even comment if you like, it give me some strength to continue !
However it don't seems to be a flush to my eyes (for the moment at least) so this mean that there will be opportunities to enter on the support. And it's not finished too ... Like I said I target the yellow area to consider the movement like a proper spring of Wyckoff accumulation pattern (lower it is in the area better it is).
But we just entered on a closer area which can do the job also (red one). Like I already explained, it's hard to determinate ths SC point, because there is this big flush on the 4th december which hide it in an exaggeration of market. However if the red one had to do the job we will see it directly in the next hours with huge buying volume, but I don't think so and my vision is always to aim the yellow area.
There could be a good conjuncture between the broken resistance of the down channel and this area also (we didn't reinstate into the channel so it's always a support).
Also, even if we go lower than the yellow area, don't forget that we are on support until $39,500 and we are not in bear market until $28,200.
It's an hard moment for some beginners where emotions are roughed up. But it's also the moment where you win most of your momey .... by not losing it.
So don't worry, be happy, be patient for opportunities and like always, only one advice to give : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions".
PS : Apologize for my english, I do my best. Don't forget to like, follow or even comment if you like, it give me some strength to continue !
But in the end, even if we go 10% up or 10% low I know my analysis and the work I did was good.
If it goes up and I don't find setups to enter in it in the next hours ? Unlucky but I didn't trade with emotions so I'm proud of myself !
If it break the area and go down ? It's like that, analysis was good but selling pressure was too much, let's find the next area to work on !
This is the work you have to do on yourself.