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Happy weekend, brothers. No video today.
Bitcoin $BTC —actually, as long as it remains in the range, the logic is the same: the previous high-volume bullish candle failed to break through, so you shouldn’t chase at the top, right? After it dropped, the high-volume bearish candle failed to break down either, so you wouldn’t short at the bottom of the range.
Now there’s another big bullish candle, so naturally you’ll be very bullish, but it still hasn’t broken through. At the very least, you should know that if you chase longs, the risk-reward ratio and odds are both unfavorable, right?