BTC Stuck in a Range

31 gru 2021

Happy New Year!!

This will be the last chart I post to send us off to the new year...

Bitcoin has been trading in this range since Dec 4th and it has been nothing but choppy. I wanted to make sure and highlight the top and bottom along with some LTF resistance levels in between so you know when the reversal or continuation downward will happen. IMO, a H4 close above or below would signal the next big move but look for volume to confirm.

Happy Trading!!

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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals

Please note:

- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!

3 sty 2022

Uwaga

Still in the range. Nothing but chop chop.