Quite the week for BTC.
1) A Buy Publishing was made last thursday at price $25,607
2) A Long Ethereum Publishing was made on Saturday at price $1,728
3) A Neutral Publishing was made on Tuesday at price $27,943
4) A Short Publishing was made Yesterday at price $29,318
Current Price is $30,177
BTC has been breaking zones to the upside and it is easy to understand that many players could be engaging in a chase with the market. I Choose patience and good Risk/Reward ideas over chasing the market and hoping that it will continue to rise. I can take a buy here but it's risky. Better to wait on a pullback. In the meantime I see good RR trade ideas. At the end of the day it comes down to the repetition of a process that has probabilities in your favor. And of course manging risk and cutting losses short when you are wrong.
1) A Buy Publishing was made last thursday at price $25,607
2) A Long Ethereum Publishing was made on Saturday at price $1,728
3) A Neutral Publishing was made on Tuesday at price $27,943
4) A Short Publishing was made Yesterday at price $29,318
Current Price is $30,177
BTC has been breaking zones to the upside and it is easy to understand that many players could be engaging in a chase with the market. I Choose patience and good Risk/Reward ideas over chasing the market and hoping that it will continue to rise. I can take a buy here but it's risky. Better to wait on a pullback. In the meantime I see good RR trade ideas. At the end of the day it comes down to the repetition of a process that has probabilities in your favor. And of course manging risk and cutting losses short when you are wrong.
