What does a real trader in such situations like todays, when the markets volatility became extremely high? Many of them are growing balances with a scalping strategies but many of them waiting for a clear and stable moments or scenarios to join back.
So I got my own scenarios for this moment - abcd:
(a) Bullish market (if BTC won't go 10-15k). Any reason to be bullish except CPI (USA)? xD .Anyways lets have a quick review.
IF todays 1D candle is closing above $1350 for a small chance to be the bullish pattern. Next days down trend line break out with some retests - there could be my entries (see 4 circles).
(b) Accumulate.
Accumulation for a couple of months between $1300-1600 and when volatility is decreased and at least every low would be higher than previous - there would be my entries (see 3 circles).
(c) The last support zone.
If correction continues would love to use my demand and supply strategy to see the volumes, clusters, indexes, divergence and etc in $900-1100 zone to be sure it's going to be REVERSAL and not that weak with possible break down scenario. Need to be really sure before placing any orders there.
(d) Weak BTC.
$400-800 zones if (c) fails.
Should you buy ETH now? It's 100% clear that YOU SHOULD NOT DO THAT right now. Stay patient and wait at least for 7-14 days to see if any changes on the chart.
DC: The author's opinion may not coincide with the real market and this chart is the fruit of the author's own fantasies and his vision of the market, taking into account his trading skills and strategy.
Support the author: (LTC) ltc1qyr8g5hdezfr27uh875kphvswlyh88z75v0wa78
So I got my own scenarios for this moment - abcd:
(a) Bullish market (if BTC won't go 10-15k). Any reason to be bullish except CPI (USA)? xD .Anyways lets have a quick review.
IF todays 1D candle is closing above $1350 for a small chance to be the bullish pattern. Next days down trend line break out with some retests - there could be my entries (see 4 circles).
(b) Accumulate.
Accumulation for a couple of months between $1300-1600 and when volatility is decreased and at least every low would be higher than previous - there would be my entries (see 3 circles).
(c) The last support zone.
If correction continues would love to use my demand and supply strategy to see the volumes, clusters, indexes, divergence and etc in $900-1100 zone to be sure it's going to be REVERSAL and not that weak with possible break down scenario. Need to be really sure before placing any orders there.
(d) Weak BTC.
$400-800 zones if (c) fails.
Should you buy ETH now? It's 100% clear that YOU SHOULD NOT DO THAT right now. Stay patient and wait at least for 7-14 days to see if any changes on the chart.
DC: The author's opinion may not coincide with the real market and this chart is the fruit of the author's own fantasies and his vision of the market, taking into account his trading skills and strategy.
Support the author: (LTC) ltc1qyr8g5hdezfr27uh875kphvswlyh88z75v0wa78
