as mentioned earlier for BTC short from $47k to $40k has been hit.
Currently, everyone is trying to find support for BTC due to their Emotions. however, price action is showing us to FIND RESISTANCE and Short until BTC clear it moves to upward!
BTC get support right below the actual support which is at $40300 area!
it is the sign it may not retest the zone with this current retrace, it is now going to retest current resistance $38600 if its rebound from there then we might be able to see the retest at $40500.
Charting is all about emotion !
profitablity is all about risk management !
Trading is all about following your own rules!
Currently, everyone is trying to find support for BTC due to their Emotions. however, price action is showing us to FIND RESISTANCE and Short until BTC clear it moves to upward!
BTC get support right below the actual support which is at $40300 area!
it is the sign it may not retest the zone with this current retrace, it is now going to retest current resistance $38600 if its rebound from there then we might be able to see the retest at $40500.
Charting is all about emotion !
profitablity is all about risk management !
Trading is all about following your own rules!