BTCUSD trading plan
The pattern is set, waiting to break out. But this will not be happening soon.
Trading volume and movement are likely to continue being low. On the economic calendar, there is not much worth mentioning.
In my opinion, BTC will stay in this range for a while, or maybe the same as yesterday, at 16k9. Nothing changed with BTC. Still, the price structure points toward lower prices. But as we know, in the crypto market, price action could go very unpredictable, so it is not worth the risk. Are we at the bottom yet? Yes, we might be, but it could go lower and lower. One thing is for sure, we are closer to the bottom than ever, and I still have my bet on the 12-13k. The best advice I can give here is to stay off the market for a while.
At this time of the year, we should sit down and reflect on what we have learned.
Me, I have learned three things:
1. Never predict or forecast what will happen, no one knows the future. All we can do is list the possibilities and plan to act when the situation arises.
2. Minimize distraction and Focus on what is important, whether it is a trend, a piece of news, or a fundamental.
3. Love the process, even if you are losing some money or even when the price did not move at all. Trading is a journey, the soon you learn to love the journey, the happier you will be.
I wish you and your family a happy holiday, stay safe. Peace.
Trading volume and movement are likely to continue being low. On the economic calendar, there is not much worth mentioning.
In my opinion, BTC will stay in this range for a while, or maybe the same as yesterday, at 16k9. Nothing changed with BTC. Still, the price structure points toward lower prices. But as we know, in the crypto market, price action could go very unpredictable, so it is not worth the risk. Are we at the bottom yet? Yes, we might be, but it could go lower and lower. One thing is for sure, we are closer to the bottom than ever, and I still have my bet on the 12-13k. The best advice I can give here is to stay off the market for a while.
At this time of the year, we should sit down and reflect on what we have learned.
Me, I have learned three things:
1. Never predict or forecast what will happen, no one knows the future. All we can do is list the possibilities and plan to act when the situation arises.
2. Minimize distraction and Focus on what is important, whether it is a trend, a piece of news, or a fundamental.
3. Love the process, even if you are losing some money or even when the price did not move at all. Trading is a journey, the soon you learn to love the journey, the happier you will be.
I wish you and your family a happy holiday, stay safe. Peace.
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