BTCUSD - Bitcoins volatility is increasing

8 Oca

First of all, a heartfelt thank you for all the boosts and a warm welcome to the new followers. I truly hope I’m providing value that makes your decisions and trading ideas easier to navigate.

Now, let’s dive into the chart:

The bars are growing larger and volatility is picking up.

We’ve got solid support at the centerline, but this support might soon give way. If that happens, Bitcoin will drop below the centerline, setting the stage for the following scenarios:

1. Panic sets in, and the market falls** – likely down to the 1/4 line (PTG1).

2. A pullback to the centerline. If the market fails to close above the centerline, we’re back to Scenario 1. On the other hand, if we see an open and close above the centerline, it’s very likely we’ll witness a rocket-like surge upward.

What’s the move here?
My thinking remains the same as last time:
If you take 50% profit off the table, it doesn’t matter what happens next. If the market drops, you’ve secured 50% profit. If it rallies, you’re still in with 50%.

Wishing you all the best of luck!

13 Oca

İşlem aktif

I've got so many angry feedback on SOM, just because I project Bitcoins potential move.

Why is this?

I think, many that throw their live savings at a market, don't have experience in markets or trading.
If they read that their investment could go down, then they become frustrated and fear their losses.
So they start to punch opponents.

OK, I may just have to deal with this, just wishing them the best and let go.

For all the others with an open mind and a plan for their plays, here's the update:

BTC bounced it's had a couple times at the Center-line last week.
It even opened and closed two times below it, which as of my trading framework, is a super bad sign.

I'm holding on to my short and I'm confident, that at least we will reach PTG1.

#brainovergreed

3 gün önce

Not

Fridays close was weak.

This Monday morning it's up again, but struggles around the 1/4 line.
Observing closely, since my bias is still short.

evvelsi gün

Not

Rejection at the U-MLH.
Support at the Center-Line.
This is the power of the Medianlines/Pitchforks.