Money Man has watched BTC go to a tad beyond Red Target 3 and come back to have a relook at Decision 2. Now it is quieting down and chances for a notable move is there. Problem is that analysis like this, compared to physically trading as things develop, is that you need to anticipate where your signal will fire. Many things can happen before what you anticipate and lead down another path, invalidating your anticipated signal firing. That is why Money Man is always an advocate for price to come to you and not trade on a gut feeling. If there is not the anticipated reaction in price, you have the time to reconsider the trade that came online.
Conclusion: Price can still travel a fair amount without getting outside of what is normal now. This complicates breakout and momentum trading. So, extra vigilance will be needed around entry as what could be described as a fake out would simply be within norms. Remember: there are no guarantees and only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: Price can still travel a fair amount without getting outside of what is normal now. This complicates breakout and momentum trading. So, extra vigilance will be needed around entry as what could be described as a fake out would simply be within norms. Remember: there are no guarantees and only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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