The trendline magnet.

3월 25일

The weekly candle that closed yesterday shows how buyers are almost eager to buy on every dip. More fud will be needed to create an intermediate correction (greater than 3-4 weeks), something that could be seen as a small catastrophe by the market, for now the rise does not seem to want to weaken, which happens in trends that have directionality and volatility, a winning mix for those who trade on btc or in general. But all that glitters is not gold, sooner or later a resistance like this trendline will be found, which is working well, attracting the price as if it were a magnet, in an area where we have no reference, once the highs are broken historical ones we navigate by sight, not knowing where the most respected levels are. Some use Fibonacci which is a very useful method in these situations, but it is not infallible, therefore entire movements or bullish "legs" are often left without being exploited. I am trying a new method that combines price and time, unfortunately there is no way to know what the period highs will be, but you can establish "when" to close a position. The advice I always give is that the position should be closed in fractions when you don't know what to do, first eliminating the risk and then closing small portions as prices rise. Everything is subjective, it always depends on where you entered and above all when you entered by buying or opening a position on derivatives.