Opportunity to long Before Halving! Read the note section.
Hi, I would like to share My positioning on this BTC Price Action.
First of All I would say that I'm glad with Everyone that was trading with the signal and even kept the 10800 Short. Congrats!
Now for the next Months BTC will do a little of sideways on this range that opens from 7500 to 8900, before another shaking movement. If any of this points break, would be breaking the sideways consideration.
For long term trades we would look to open longs on the Green Rectangle zone that would be from 7450 to 8100. (And a more safe range between 7500 and 7800)
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 go to the Red Rectangle zone (6700), Directing the price to go down due to sell pressure and looking for 5k level.
Recommendation: Trade safe with SL. This is considering the time I was mentioning on other charts. Prepare the BTC accumulation and lets wait until January-February for the hype to start breaking and making new highs. 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.
First of All I would say that I'm glad with Everyone that was trading with the signal and even kept the 10800 Short. Congrats!
Now for the next Months BTC will do a little of sideways on this range that opens from 7500 to 8900, before another shaking movement. If any of this points break, would be breaking the sideways consideration.
For long term trades we would look to open longs on the Green Rectangle zone that would be from 7450 to 8100. (And a more safe range between 7500 and 7800)
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 go to the Red Rectangle zone (6700), Directing the price to go down due to sell pressure and looking for 5k level.
Recommendation: Trade safe with SL. This is considering the time I was mentioning on other charts. Prepare the BTC accumulation and lets wait until January-February for the hype to start breaking and making new highs. 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.
