BTC Bulls Clinging to Only Support
We had a bull move that was quickly smashed down by the bears, proving that without extreme oversold conditions, or a change in the daily/weekly trend, the bulls have little going for them.
Make rules and stick to them "I will not trade crypto bullish until the daily trend changes in their favor" and Stick to it!
Personally I believe this market right now is only for bull trades lasting less than an hour... or bearish.
NEOUSD and other alt coins with little support at these levels are prime candidates for bears.
Do not over trade in this market, unless it is bearish and working!
At this point we are waiting for a $5,000 support flush, or a break of $5,665 and we can clearly see the bear scenario is more likely.
Patience is harder said than done, unless you have other things to focus on. I know I have been saying it for months but learn other markets if you are not a profitable bear in this market. It provides you more opportunity and also makes sitting on your hands and not over trading much easier.
Make rules and stick to them "I will not trade crypto bullish until the daily trend changes in their favor" and Stick to it!
Personally I believe this market right now is only for bull trades lasting less than an hour... or bearish.
NEOUSD and other alt coins with little support at these levels are prime candidates for bears.
Do not over trade in this market, unless it is bearish and working!
At this point we are waiting for a $5,000 support flush, or a break of $5,665 and we can clearly see the bear scenario is more likely.
Patience is harder said than done, unless you have other things to focus on. I know I have been saying it for months but learn other markets if you are not a profitable bear in this market. It provides you more opportunity and also makes sitting on your hands and not over trading much easier.
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