BINANCE: BTC/USDT (Manipulation phase is on)
Hello guys,
Bitcharger with you again.
This was a damn red "May" so far but it's okay. We had massive profit since months ago and we will continue in coming weeks but we need to face the fact that market can't go straight up. We never experienced 6 consecutive green months since 2013 and market needed to cool off (all that positive funding rates and euphoria). We expected that of curse but in this kind of market corrections you get hit anyway. Always consider buy the rumor, sell the news. Last month we had enormous positive news about BTC and price dumped right after that and right now we are dealing with too many negative news and i think this will last for couple of weeks. This is the market maker who guide you to the condition he likes; Panic!
Trust high time frame charts, follow your strategy not your emotions and you will be safe.
as i indicated in chart we had this type of movements before. this manipulation phase will take couple of weeks but it's just to shake out weak hands. so keep calm and wait for best entry around 30k and 25k (laddered). There is possibility of scalping around 36.7k to 38k and 42k but enter only with complete risk management and small amount.
We know that market maker plays and traps and we've seen it before. Be prepared. Do not rush. Enter in steps.
Bitcharger with you again.
This was a damn red "May" so far but it's okay. We had massive profit since months ago and we will continue in coming weeks but we need to face the fact that market can't go straight up. We never experienced 6 consecutive green months since 2013 and market needed to cool off (all that positive funding rates and euphoria). We expected that of curse but in this kind of market corrections you get hit anyway. Always consider buy the rumor, sell the news. Last month we had enormous positive news about BTC and price dumped right after that and right now we are dealing with too many negative news and i think this will last for couple of weeks. This is the market maker who guide you to the condition he likes; Panic!
Trust high time frame charts, follow your strategy not your emotions and you will be safe.
as i indicated in chart we had this type of movements before. this manipulation phase will take couple of weeks but it's just to shake out weak hands. so keep calm and wait for best entry around 30k and 25k (laddered). There is possibility of scalping around 36.7k to 38k and 42k but enter only with complete risk management and small amount.
We know that market maker plays and traps and we've seen it before. Be prepared. Do not rush. Enter in steps.
Trade active:
Manipulation ending soon. Expansion going on
