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Bit has currently achieved a resonance on a daily and weekly basis! Try not to chase the profits from a slight pullback of the shorts, but instead focus on going long in the direction of the trend, hitting the right rhythm! In a bull market, not hitting the right rhythm also means no profits.
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Where is the certainty of Bitcoin's future?
First of all, this round of pullback currently seems to be just a temporary stop in the decline! From the candlestick chart, it has entered the bullish zone, but you still need to pay attention to the changes in trading volume. It is a situation of stopping the decline without volume, and the daily MACD has not changed, so for now, we can only remain bullish and continue to wait! Otherwise, it is easy to be tormented by the market fluctuations.
BTC1.93%
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The secret of why most traders cannot make a profit
Today, let's have a brief chat about the secrets of most unstable and low win rate situations.
The following chart will analyze. First, if you are not trading in the direction of the trend and your entry point is not at a turning point, you will encounter such trades. You must adhere to the larger time frame; if the larger time frame requires a long position and the daily chart needs to correct, then wait for the daily correction to end and find a turning point to trade again! The chart below is a three-minute chart of Bitcoin! This is a prob
BTC1.93%
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The likely direction of Bitcoin in the future
From a structural point of view, the 5-wave structure is established! Currently, it is at least in the fifth wave structure. Looking at the daily chart, we are waiting for a correction after the daily line to continue the upward trend! Therefore, Bitcoin appears to be bullish from the current perspective, and it is a suitable turning point to go long. There is no need to pay too much attention to the current price advantage; instead, focus on the rhythm and the arrival of the turning point.
BTC1.93%
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