1st mark all imp levels
2nd make possible trendlines where market respects
3rd search for traps or fake breakout /breakdown
4th make plan and exicute on setup
5th wait for setup retest and enter
- If you are a layman with some knowledge of charts and price action, This chart looks good, Doesn't it?
- It finally broke the trendline starting in March 2021. Breaking a 2-Year Trendline
- With Bulls charging the markets, everything looks lucrative. Now that investors are getting greedy, Caution is advised.
- If you look closely, The price is taking...
- It has been in a sideways channel for almost 2 years with clear support and resistance zones
- It showed strength in the initial phase of this week but at the end got hung over Literally, upside down.
- In the end, the price was prevented from breaking the trendline. Buyers appear trapped if the momentum changes sides. It did weaken the upside momentum for...
I think we are going to have a false break out next week and then a hard pull back to uptrend line. This market loves to set up bears and bulls traps. Be careful.
Look to all this Negative Delta. We are on Daily TF. BTC will fall and I strongly suggest that you protect your capital.
When media is fully bullish, and everybody is talking about BTC going to the moon and the bullish effect of Halving.. thats the moment when MMakers will rekt almost everybody.
Remember this wise phrase: buy with the rumor and sell with the...
They are feathering the wave B on you now IMO. Make sure you have your stops close. Better to take small wins and no losses.
I was all in last night and pulled out before Easter service today for more than +1% of my entire accounts. Happy Easter folks!!
I believe we should take the low and bounce at 46 - 58k before we take the highs.
Diamond patterns on average...
Can you hold for potentially 10years before seeing a return to these prices?
Do you think the game is to make you rich?? GTFO
The creators of it might be being held from us.
I like the concept BUT it's a little main stream nowadays.
Crypto was cool AF back when I was buying BNB at $7... Held that for over 4 years to see a return = $285 - $390 & I sold early...
This stock in neutral mode - means neither good for selller or buyer
Advice --
For quity trader --
please trader according to my red Trendline price and sell above Trendline
-- stopp loss is mandatory if Trendline broken
For option trader -- seems market can go up 200-300 points to touch upper red Trendline
For more chart analysis comments me in this post.
I'm still in the group that says. Bull run in a bear market.
I don't exactly say 11K but I most definitely could see 21K.
It is easy to make money. It is harder to keep it.
Be careful my friends.
Thank you ChartPrime for the indicators
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CADCHF is trading on a key daily support at the moment.
We can see that the price violated the underlined structure but then
suddenly bounced and returned above that.
It makes me think that it might be a bear trap.
We may expect a pullback to 0.6477 now.
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