BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
What are your thoughts around the current price?

If we break the low of yesterday's candle I can see a move lower. That being said, Bitcoin has a mind of its own. As a trader I just stick to my rules, I try not to think but act upon the checklists I work from. If it breaks higher (which I would love) then the option for today to short is lost.

It's hard but as traders we need to separate the "wants" form the "is" and what is right now is a downtrend on the daily and weekly. What I want is for Bitcoin to move higher. What are your views?

Comments

That resistance at 7380 has turned into support so hoping that holds if we can get over 7674 we could see a flow to 8000 before another retrace. You now what nugget says when everyone is bearish hoping to get back down to 3000 it usually goes the other way!!! But Im just a beginner and as you said price action is everything so keeping a close eye on lower timeframes but knowing we are in the cradle zone on the daily. Just follow the rules!!!
Thanks Trader Cobb.
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TraderCobb Bradley22
@Bradley22, Sorry for the delay in replying, for some reason my reply had an error. What we want and what is are often different
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Hello dear Craig, joining today at Black Friday sale, hope to at least be half the trader you are in the future, using your checklists! Happy thanksgiving! Go crypto!
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TraderCobb balsecoin
@balsecoin, Like the comment above, sorry my reply didn't go through. Just don't be harsh on yourself from mistakes, just learn from them. I have 14 years now of mistakes that have made me who I am today. Take your time and enjoy the process mate
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