BTC - Trickier than a monkey!
Updated
Not much to say here, chart should be clear enough......
XBTUSD
XBTUSDTrade active
Close of day above 11910 -> target for tomorrow 12734Close of day below 11910 -> target for tomorrow 10400
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Note
Working out well so far. BTC made a higher low and it is getting rejected again. If 11615 breaks again, it should move to below trendline for support.Note
Hanging right around 11615.. lol.. wow!Trade active
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Over the years I learnt not to chase the price, not to stay up all night trying to catch the falling knife and most importantly not to fomo. The mantra is - Identify the levels, set your orders and sleep like a baby! It could go wrong anytime and that's where a well risk managed order helps.
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The pattern might also not come to fruition, but what is important is you make money no matter which way an asset moves. Close your orders when you make a sensible profit, do not wait until the idea to completely play out.If you do get to that point, never let it get to your head!
You cannot become a good investor/trader until you have lost your complete portfolio at least 3 times, so don't give up!
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FYI, the probability of this idea not playing out is increasing. 10400 should not be breached today. BTC should touch 10400 between 1600 hours and 0000 hours CET and the bounce back up should be strong and we should be clearing out 12200 by 1600 hours CET tomorrow.
Break of 10400 will take BTC down to 9000!!!
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Mostly importantly, the volume seems primed for the next parabolic uptrend!! Fingers crossed..Note
Bear flag forming on 4h, if it plays out might wick down to 10017Trade closed manually
Pattern did not play out exactly as expected, but still all mentioned levels were hit and a lot of profit was made..
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