Wouldn't advice taking that entry anymore.. Let price action play out some more
BTCUSD
Close above the 4Hr breaker (7900) then we can reach for 8100 - 8200.. Failure to close above then i think 7500 - 7600 awaits..
Close above the 4Hr breaker (7900) then we can reach for 8100 - 8200.. Failure to close above then i think 7500 - 7600 awaits..
Pro Analysis
BTCUSD Close above the 4Hr breaker (7900) then we can reach for 8100 - 8200.. Failure to close above then i think 7500 - 7600 awaits..
Close above breaker... think we go up short term from here
BTCUSD
Massive selloff across board.. now testing 5800 support.. Lose this support and i see us getting to 5000 - 5300...
Massive selloff across board.. now testing 5800 support.. Lose this support and i see us getting to 5000 - 5300...
The market has been insane this week..We had the highest single dump in a day -in terms of USD-.. Good traders will still be profitable in this market (for those that know what they are doing). undisciplined traders are going to lose money.. Investors can keep buying the dip depending on how deep their pocket is.
All i'm saying is, in a time like this, how you analyse and strategize your trade is very important. I don't expect a sharp reversal for BTC. Before we begin trending up again, i expect some accumulation, which will be a good period to scoop up BTC. For now, if you're in doubt what to do, i'll advise sitting in the sidelines and observing with scrutiny how all this plays out.. Incase a repeat of something similar happens in the future..
All i'm saying is, in a time like this, how you analyse and strategize your trade is very important. I don't expect a sharp reversal for BTC. Before we begin trending up again, i expect some accumulation, which will be a good period to scoop up BTC. For now, if you're in doubt what to do, i'll advise sitting in the sidelines and observing with scrutiny how all this plays out.. Incase a repeat of something similar happens in the future..