₿TC Filling Positons & Keeping a 27k By New Years Target
I am filling my positions throughout this area with stops set at $10,900, this is Bitfinex
BTCUSD
so adjust your own markets as I do accordingly. Use proper risk management always, I set my stops and don't touch them once price action begins, if the stop hits and then rebounds I don't FOMO, I simply relax and look for my next entry.
4 hour
BTCUSD
If the Daily closes below 11,125 I expect a test of 10k,
BTCUSD
if we break that then hard fall to the Ichimoku cloud (Senkou) top. We did cross the Kijun-sen (Base Line in pink) so I do expect some quick dips creating some nice bid positions in the bottom of my range.
I am not adjusting my year end target for $27,000, if we break down below 11k again and close on the daily then I will take a look at readjusting my target.
Since parabolic trends seem to have suddenly been discovered by some new day traders here is our accurate trend for perspective. Big range there, support could be adjusted to reflect the last rise but I never updated it because a correction was badly needed.
I posted this on twitter but not TradingView when I saw the drop coming:
https://twitter.com/Crypto_Core/status/943617657416404992
These are extremely dangerous conditions if you do not know what you are doing with leverage, I highly recommend to stay away from leverage if you have under a year of day trading experience. Even then I am using low leverage due to higher volatility, don't get greedy and enjoy the ride whichever direction we break, look how far we have come, I have a pinned tweet showing a video of price action from 2012, my message with it still applies. I am not stressed, quite the opposite. Corrections are good, and truthfully..... this is nothing, ₿itcoin has seen way worse.
https://twitter.com/Crypto_Core/status/938856974820749312
Playing this song below on repeat for awhile ;)
https://www.youtube.com/watch?v=oPCNY7ACzNk
BTCUSD
so adjust your own markets as I do accordingly. Use proper risk management always, I set my stops and don't touch them once price action begins, if the stop hits and then rebounds I don't FOMO, I simply relax and look for my next entry. 4 hour
BTCUSD
If the Daily closes below 11,125 I expect a test of 10k,
BTCUSD
if we break that then hard fall to the Ichimoku cloud (Senkou) top. We did cross the Kijun-sen (Base Line in pink) so I do expect some quick dips creating some nice bid positions in the bottom of my range.
I am not adjusting my year end target for $27,000, if we break down below 11k again and close on the daily then I will take a look at readjusting my target.
Since parabolic trends seem to have suddenly been discovered by some new day traders here is our accurate trend for perspective. Big range there, support could be adjusted to reflect the last rise but I never updated it because a correction was badly needed.
I posted this on twitter but not TradingView when I saw the drop coming:
https://twitter.com/Crypto_Core/status/943617657416404992
These are extremely dangerous conditions if you do not know what you are doing with leverage, I highly recommend to stay away from leverage if you have under a year of day trading experience. Even then I am using low leverage due to higher volatility, don't get greedy and enjoy the ride whichever direction we break, look how far we have come, I have a pinned tweet showing a video of price action from 2012, my message with it still applies. I am not stressed, quite the opposite. Corrections are good, and truthfully..... this is nothing, ₿itcoin has seen way worse.
https://twitter.com/Crypto_Core/status/938856974820749312
Playing this song below on repeat for awhile ;)
https://www.youtube.com/watch?v=oPCNY7ACzNk
Dagangan aktif:
All posts are for educational purposes and are simply my views of markets conditions.
Please do your own research and use my content to educate yourself.
Please do your own research and use my content to educate yourself.
