Dear friends, here is another BTC analysis in the first days of November.
The High Volume Node that is acting as a magnet right now is clearly between 60k - 61k. There is also an small value node at 59k still unvisited that might act as support in this HVN.
Further down there are other high value nodes generated in the month of October, excellent zones where I expect the price to find support:
- 54k - 55k
- 47k - 48k
- 42k - 43k
Excellent bullish continuation move is making Bitcoin in November. Don't shirk though. There is a lot of Short being liquidated which is conducive to those abrupt wicks of market buys.
Beware of shorts entries that use stop-loss very close to entry price because one of those wicks could take you out and then go down without you.
IMO, the "safest" entries are in longs in the HVN or close to a Low Volume Node zone (areas mentioned above).
Do always consider having an stop-loss price and a properly money management before opening the trade.
That said... Good profits 😎💰
Disclaimer: The information provided in this video does not constitute investment advice, financial advice, trading advice or any other type of advice and you should not treat the content set forth herein as such. Conduct your own due diligence and consult your financial advisor before making any investment decisions.
You Tube channel (in Spanish): www.youtube.com/c/Rodra2001
Happy trading!
The High Volume Node that is acting as a magnet right now is clearly between 60k - 61k. There is also an small value node at 59k still unvisited that might act as support in this HVN.
Further down there are other high value nodes generated in the month of October, excellent zones where I expect the price to find support:
- 54k - 55k
- 47k - 48k
- 42k - 43k
Excellent bullish continuation move is making Bitcoin in November. Don't shirk though. There is a lot of Short being liquidated which is conducive to those abrupt wicks of market buys.
Beware of shorts entries that use stop-loss very close to entry price because one of those wicks could take you out and then go down without you.
IMO, the "safest" entries are in longs in the HVN or close to a Low Volume Node zone (areas mentioned above).
Do always consider having an stop-loss price and a properly money management before opening the trade.
That said... Good profits 😎💰
Disclaimer: The information provided in this video does not constitute investment advice, financial advice, trading advice or any other type of advice and you should not treat the content set forth herein as such. Conduct your own due diligence and consult your financial advisor before making any investment decisions.
You Tube channel (in Spanish): www.youtube.com/c/Rodra2001
Happy trading!
Trade active:
Target 59800 reached, then partial TP in 61k reached.
Thank you BTC 👏
Next target: HVN in 54-55k still open. I'm thinking price might go under this node to collect stop-losses. Probably the best long entries are under 54k to 52k.
Thank you BTC 👏
Next target: HVN in 54-55k still open. I'm thinking price might go under this node to collect stop-losses. Probably the best long entries are under 54k to 52k.