The trend is downwards with lower lows being printed every time and until this trend changes I’m mainly looking for shorts. The hourly candle looks ugly so far and even tho one should always wait for the candle to close before making trading desicions based on it, I’m moving in early here and looking for a good RR short. I feel that there is a good chance that we...
A couple guys on twitter who I respect are expecting BTC to consolidate for a while and I think that shorts already got burned at 10k and the next stop is low 9k or even 8k because that would cause max pain. I atleast as a BTC hodler wouldn’t like it at all so thats why it probably will go right there. I’m putting alot of small bids from 9650-10000 so the...
If you zoom out on the hourly it looks like 9600 worked as support earlier this month and the plan here is to long the retest. BTC hit almost 10k and now down to 9600 which i longed. Will add to my long position if it gets to 9400. SL at 9200 and TP 10k. If we breach 10k I want to long the retest of it.
I’ve been following the stock market now for roughly 5 years and in my opinion everything indicates to a recession in the upcoming 1-2 years. I’ll try to explain you why in just a second, but first a few words about me. This idea should be taken with a pinch of salt. I’m by no means a professional and this is purely speculation. I’m writing this to clear my own...