zareri

Big Move Incoming! BTC/USD

BITFINEX:BTCUSD   Bitcoin / Dolar
snapshot


Funny how the triangle is going right into midnight on New Years Eve. Dont forget to watch this while you are having fun!


Happy New Year to all and Happy trading!
So this can go both ways? What is more likely and why:) thx and happy new year :)
Balas
@Seviii, Absolutely can go both ways. Im leaning to the upside even after that little dip. Reason is we are still in a strong uptrend generally speaking and its not smart to fight money flow. Wait to be proven wrong, ie your planned stop when you opened the trade. Dont change it because of confirmation bias (ie, feelings). Being a good trader is about following your plans, not winning or losing. Profits come with discipline. Writing plans down helps a lot. I need to do it more, all traders do. Its actually one of the reasons i started posting and using this part of TradingView.

Speaking of risk. If BTC fails to hold 12k i would start to lean bearish. Uber bearish if it breaks 9k. Bulls definitely need to step up this weekend. Lets not forget BTC is up from less than 1k this year. Its ok to take a break sometimes. =)
+1 Balas
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