BTC Market Analysis: #BTC


Daily Level: It’s going very well on the daily timeframe—this is a bulldozer-style market. But there are lots of tricks; the candle close always comes in an “underhand” way from above. One moment of carelessness and, once you open a short, you’ll get lured into the trap.
4H Level: As long as a new lower low hasn’t appeared again, bulls still have the upper hand. Even if you’re a master, you’ve got no way around it. If your short position gets trapped, the dumbest method is to watch the situation and add on around 1000 points above the daily SMA200. Otherwise, learn from me and do an opposite-direction hedge—lock your position early. When you get hit, stand up straight. Who told us to open the wrong trade?
BTC0.13%
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