Hi, I would like to share My positioning on this BTC Price Action.
Shorts from 10700-10850 With a Target to the EMA 200 At least.
Some people were writing to me what those purple lines are. They were critical points on 2017. Now, Is a different time, price moves quicker but still levels of those critical points are important.
Note: This pattern would be complete invalid if the price stays above 11.3k Directing the price to go up already breaking the bearish channel .
Recommendation: Trade safe with SL. And Accumulate Money / BTC to prepare and enter on the long for the next year. GL!
PD: The critery
Your criteria your inner voice has to be superior . The history of the market, the narrative of the market that you carry whatever you carry, has to be superior to everyone's. Even if everyone tells you otherwise and is your own people.
You have to believe in your criteria, if you are wrong you have to get out of trade is with the market, not the ideas of others. Is the market that tells you that you are wrong and for that you have to have your own knowledge and your own Criteria.
Shorts from 10700-10850 With a Target to the EMA 200 At least.
Some people were writing to me what those purple lines are. They were critical points on 2017. Now, Is a different time, price moves quicker but still levels of those critical points are important.
Note: This pattern would be complete invalid if the price stays above 11.3k Directing the price to go up already breaking the bearish channel .
Recommendation: Trade safe with SL. And Accumulate Money / BTC to prepare and enter on the long for the next year. GL!
PD: The critery
Your criteria your inner voice has to be superior . The history of the market, the narrative of the market that you carry whatever you carry, has to be superior to everyone's. Even if everyone tells you otherwise and is your own people.
You have to believe in your criteria, if you are wrong you have to get out of trade is with the market, not the ideas of others. Is the market that tells you that you are wrong and for that you have to have your own knowledge and your own Criteria.
Trade closed manually:
Stop on profit was hit on today at 10100 price. Still was a good 600 points profits. Waiting for a next BTC analysis
Comment:
10190*
