For BTCUSD Traders..

19 Apr 2023

So we have touched into RZ1 (Resistance Zone 1) on BTC Charts.

The fall you are seeing now is down to very early support and clumps of it. Unless you have a large news sentiment break its likely you will rebound at least somewhat via lower TFS.

If, however, you do not want to be buying high you must let the market drag as it always does eventually. Being out of the market is also a form of Trading and it is ok to do this at times to reduce risk.

Any longs taken now at the 'Earliest' zone must be of very small size due to the small dip that has occured.

That's because you should never be trading just based on a desperation of buying into a certain asset as if your life depends on it. This is never the case (unless you are held to ransom at a trading desk) and therefore you should hold off any positions only until you have better prices.

Buying AFTER the top of a rally with a very minor dip is far less advantageous. Remember, the analysis drawn contains the words 'If we get there'. That does not mean we are going to short right now, it just means we are going to hold off Longs. That is OK because you are at daily support.

Trade small and trade safe especially with Crypto Assets like BTC.

20 Apr 2023

Nota

Stretching into early PA levels. Only light longs appropriate NO HEAVY.