hello people.
as you see on the chart we are approaching the downtrend from ATH. thus we have 2 scenarios ( obviously ) so in this post i will show you how to make the MOST of both.
if you want a straight forward ( BUY or SELL) signal then this place is not for you.
so let's get right into it.
-1st scenario ( the more likely to happen)
A bounce back from the trend line , followed by some more panic sale and we head straight to support trend.
-2nd scenario( I would love to see this happen)
A break through , a close above the trend and then massive volume that will take the price to 11K in no time.
now everyone should consider their options.
since we are LONG from 6400-6600 what i would do now is move my SL to the latest developed support at 7650- 7800 area.
this way if we go down i still keep a good amount of profit, and if we break though that trend I won't FOMO.
another approach is to sell at the trend ( 8400-8500) which is also a resistance line from the last high. and then wait for a clear confirmation above the trend to go long again, do not worry and do not fomo if we break though there will be A LOT of money to make don't worry about getting in TOO early and ending up being a bag holder. better to enter a bit late than too early.
regarding ALTs after the break/bounce alts will follow BTC, so be careful. lock in profit, more SL to highest lows. better be safe than sorry guys.
I think in 2-3 days we will have a much clearer view on the market . i will post updates as i see fit.
Good luck
as you see on the chart we are approaching the downtrend from ATH. thus we have 2 scenarios ( obviously ) so in this post i will show you how to make the MOST of both.
if you want a straight forward ( BUY or SELL) signal then this place is not for you.
so let's get right into it.
-1st scenario ( the more likely to happen)
A bounce back from the trend line , followed by some more panic sale and we head straight to support trend.
-2nd scenario( I would love to see this happen)
A break through , a close above the trend and then massive volume that will take the price to 11K in no time.
now everyone should consider their options.
since we are LONG from 6400-6600 what i would do now is move my SL to the latest developed support at 7650- 7800 area.
this way if we go down i still keep a good amount of profit, and if we break though that trend I won't FOMO.
another approach is to sell at the trend ( 8400-8500) which is also a resistance line from the last high. and then wait for a clear confirmation above the trend to go long again, do not worry and do not fomo if we break though there will be A LOT of money to make don't worry about getting in TOO early and ending up being a bag holder. better to enter a bit late than too early.
regarding ALTs after the break/bounce alts will follow BTC, so be careful. lock in profit, more SL to highest lows. better be safe than sorry guys.
I think in 2-3 days we will have a much clearer view on the market . i will post updates as i see fit.
Good luck
Komentarz:
Daily candle closed BULLSHIT, so i was wrong this time but i am happy lol.
an update is here.
an update is here.
if we close above then i will trail my stop under the trend line.