Dear loved ones, it is time to assume the role of the TURTLE. SLOW AND WISE. Why? The lower timeframe (1 minute) is very oversold at the moment. That means you should not be ENTERING a short right now because a pump could happen at any time. If not already short from 8400-8300, it is not safe to enter a short now. What do I believe? After observing today's price action, I believe that rather than PUMP or DUMP. the price is more likely to go sideways and chop everyone's BTC away from them while they get tired of staring at their screens for 12+ hours a day. The best trades will come on Monday. RISKING YOUR MONEY / BTC IN THIS STATIC / SIDEWAYS / SLOW MARKET IS NOT WORTH THE ADDED RISK. WAIT FOR A BETTER TRADING DAY TO RISK YOUR CAPITAL ESPECIALLY IF YOU ARE MARGIN TRADING!!!!!!!!!!!!!!!!!! I AM STAYING FLAT.
Take a look at the following chart:
The price is currently in between the Blue 1/1 and Red 2/1 lines of the Gann Fan drawn from the recent pivot low. From my practical experience, whenever the price is in this zone, IT CHOPS!!!!!!!!!!!! When the price falls below the Red 2/1, there will be better trading days.
I've been getting messages from people who don't know anything about trading but are trading and losing btc every day. Please just sit out.
Another possibility is that the price goes sideways until Monday and then continues the bullish move up.
However, my personal bias is that it is best to stay flat, get some REST - YES PEOPLE REST - REMEMBER THAT STUFF? SLEEP. EXERCISE. FAMILY TIME! Yeah use this time to get some rest and come back to the market on Monday.
Personally, I am tired because I've put in so much effort in PERFECTLY FORECASTING THE TIME OF THESE MOVES and I am going to get some rest and prepare for the next step.
ALSO, PLEASE REMEMBER TO BUY SPOT BTC. IN JUNE / JULY THESE PRICES WON'T MATTER. DO NOT GET LEFT OUT. ONE PUMP LIKE THE ONE IN OCTOBER WILL TREMENDOUSLY DECREASE THE AFFORDABILITY OF BITCOIN AND LEAVE YOU IN THE DUST WHEN IT MOONS.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.