Welcome to this quick update everyone. Hope you had an amazing weekend with your family. I know the market has been acting unexpectedly. Good thing is we didn’t take any trade during weekends. You actually saved a lot of money doing so.
Let’s get to the chart. We broke below the green channel support trend line which is now a resistance. In lower time frame we could see an inverse head and shoulders in making. So if we close above the black channel resistance trend line and get back above the green channel trend line it is highly likely the bullish trend will be back with a target of almost 40k to 45k. All this dump could end up being a trap.
So what’s the best thing to do at this time? I will be looking for some Altcoin setups now and do scalping. Once the price fulfills the conditions I’ve stated above I will look for some swing trades and hold BTC on spot.
What’s your thought on this? Do you find this chart helpful? If yes, do hit the like button. Do share your views in the comment section.
man what happened? you used to have accurate calls quite consistently. goodbye. this stuff is hard and u've lost your edge.
Cryptorphic
⋅
@blahblah5585, So you expected me to be right all the time ? Thanks for that trust.
In trading no one has a 100% win rate. And I don’t stop trying either.