$BTC struggling to find enough momentum to break the kumo cloud

Aug 4, 2018

BTC not giving the bulls the ichi edge they need at this stage.. We are still in a bear market as far as the ichimoku on a 1D is concerned. Its almost like a 'so close yet so far' scenario for a shift into a true bull trend which I will be convinced of if we break the kumo cloud and hold above $9-10k convincingly. The thing Im noticing also is that each rally up since the Dec high is getting weaker and we have consistent and consecutive lower highs (1D). Even though crypto is moving forward at breakneck speed with mainstream adoption, institutions jumping in, ETFs blah blah, blah, the bottom line is that market makers are in this to make big bucks and they will manipulate this market in more ways than we can imagine. Retail traders have no idea how these guys think and play the game. I'm always reminded to completely ignore mainstream news, youtube hype, and focus on what I see in the charts. I swing trade for a living and I cant afford to loose control by being distracted and emotionally driven by all this stuff going on around me. So bottom line for me is price action tells all, along with levels and volume and nailing risk management to reduce loss and increase gains. Im in and out of trades for profit trading 4H and 1D and it HAS to be about the charts and getting my head around herd psychology. I'm slowly coming to terms with not caring whether the market goes up or down". Phhew! Not financial advice, trade well my friends.