Good morning traders & friends,
I'm a momentum trader, and as a momentum trader it's important to buy low and sell high, why? Because you want to get into the winning trade before everyone else does, and when others get into the same trade and trade the trend eventually most traders are all on the same side which causes momentum to shift and those area's (low or high) are where I either short or long depending on some things.
We're closer to resistance so it makes sense to short, but there's a chance see push higher ($42,000 - $45,000) so I'll be watching price action closely.
Daily close above $42,000 - $45,000 and breaking the downtrend from ATH's would be bullish, rejecting and breaking below $28,000 would be bearish.
I'm going to be learning how to code this week and will be developing my own reversion trading bot that focuses solely on momentum swing trades, and I'm very excited.
Big things coming.....
Stay safe, and remember "plan your trade and trade your plan"
2x leverage will be the highest my trading bot ever goes and will trade my analysis without any emotion involved so my future trading bot will outperform me in the long run 100%.
I'm a momentum trader, and as a momentum trader it's important to buy low and sell high, why? Because you want to get into the winning trade before everyone else does, and when others get into the same trade and trade the trend eventually most traders are all on the same side which causes momentum to shift and those area's (low or high) are where I either short or long depending on some things.
We're closer to resistance so it makes sense to short, but there's a chance see push higher ($42,000 - $45,000) so I'll be watching price action closely.
Daily close above $42,000 - $45,000 and breaking the downtrend from ATH's would be bullish, rejecting and breaking below $28,000 would be bearish.
I'm going to be learning how to code this week and will be developing my own reversion trading bot that focuses solely on momentum swing trades, and I'm very excited.
Big things coming.....
Stay safe, and remember "plan your trade and trade your plan"
2x leverage will be the highest my trading bot ever goes and will trade my analysis without any emotion involved so my future trading bot will outperform me in the long run 100%.