For the present day, I think the best way to analyze BTC is on the weekly and monthly chart. Shorter times can present a lot of noise and can make the study unfeasible and cause losses.
The price of bitcoin is well drawn on the weekly chart and I really believe in the idea that I am presenting now, my trades are based solely on that idea. Input of volume, retraction and extension of fibonacci and Elliot waves, exactly as presented in the molds above.
I think it is extremely risky to go leveraged both in long and in short, because the big whales manipulate the market a lot and a sale or purchase the heavy market can burn your bankroll. This moment is to be lasting in the market, so every precaution must be taken in a delicate moment like this.
Remember that you and you alone are responsible for your gains and losses. This study is neither a sign nor a financial guideline, so please consider the risks inherent in the business and do not leverage or trade in the futures at this delicate time. It doesn't matter if you earn 1% or 100%, good profit is profit in your pocket, little or much. It is bad to lose everything (I learned this very bitterly and I do not wish it on anyone).
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.