What's the proper way to enter a long on this monumental parabola? Is there any safe entry method that won't leave you liquidated while still staying bullish?
Tough questions answered today as bitcoin pushes for new highs.
If you watched last weeks vid then you heard me mention this already but these two areas look very similar to me in terms of price movement. This is something ive been following this week which has helped me capitalize on these bullish moves. If we continue to follow then we should get a small dip soon and rally higher near 9.7k.
The longest over expanded period period's 1.25 standard deviation was crossed and bitcoin has entered its compressionary period to restore the market to a state of potential energy. Trend cannot continue until the 225 period WAVE PM compresses below the 0.7 value, which should result in a sustained sideways move.
This will be the beginning of alt season.
In this video I talk about BTC & ETH. I also learn how to do stops on tradingview XD
Is it time to protect your long postions or do we have more room to run? Lots of questions but I don't have the answer. The best thing to do is lock your gains in with stops & be patient. If your not looking to sell don't even look at btc & don't set-stop because chances are they...
Getting real close to the mean reversion pivot on BTC, target is around 4,200 to the downside if it's crossed.
Of course, if we do retrace that far implying that we'll go down fully to the weekly 200 is easy as well.