Bitcoin moved faster down than expected, I did see it going down 58,000 level. I believe it will retrace to 64,000 - 66,000 level before we will really know where bitcoin is headed. Had some buys stop me out, well managed and risked enough to keep going. The next cycle will tell the bigger picture. Markets will open soon enough, safe trading to you all.
Learned from this pair, this is where it all started for me. My trading style is diligent, precise and long swing trading. Fibonacci is my key tool, with knowledge of market structure. Before we get started always remember for it go up it needs to go down, vise versa. This pair stopped me out due to wrong read. To enter wait for a pullback after testing .618, this...
It’s over extended? Seeing long term sell, wait for the confirmations, and patience. There is no race
PullBacks is part of the game remember, for it to go up it needs to go down, vise versa. Understand the market structure, be patient there is no race, only with yourself.
Market Structure is key, fin levels let respect first the .618. Then enter on a pullback, volatile as it can be use lot size that is available to you. There is no race only with yourself, patience and understanding market doesn’t just go up, it goes both ways. Safe Week wish you the best.
First of happy Thursday, Blessing to all and family. This is long term sell, still no confirmation of a entry. Markets love to play and pump fake, this for patience and understanding. Due to counter trend line breakage, sign of an entry. Yes, it was a short term buy, until sellers came into market. Trade what you can afford and don't be afraid to lose, despite of...
If it breaks the counter trendline, we should expect price to hit the -0.6186 price. stop loss would be under 1 fib 1978.60.
NZD Buy Wait for confirmation. Always remember, Risk management.