Hi, I would like to share My positioning on this BTC Price Action.
I'm Following the fractal and will continue to do it for the next couple of months.
Opportunity to short at this price action. Fib. retracement already in point.
Shorts from 10700 to 10800.
TPs below the actual support of 9800. (Personal TP breaking previous support and going for the last one 9100- If this doesn't hold. Let it go below to the 8k level.
Note: This pattern would be complete invalid if the price stays above 12k 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.
I'm Following the fractal and will continue to do it for the next couple of months.
Opportunity to short at this price action. Fib. retracement already in point.
Shorts from 10700 to 10800.
TPs below the actual support of 9800. (Personal TP breaking previous support and going for the last one 9100- If this doesn't hold. Let it go below to the 8k level.
Note: This pattern would be complete invalid if the price stays above 12k 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: stop reached:
Reached and made a good % profit. Closed for now. Time to make a new study of the market.
