TheChartGuys

BTC Longer Term Downtrends Still Intact

COINBASE:BTCUSD   비트코인
There has been a lot of choppy action, short term volatility, and big spikes on 5 minute candlesticks.
This creates an unclear trading environment on the shorter term time frames,
and a trading environment where technical analysis is less of a useful tool.
I personally took months off from trading last time this was happening.
I certainly dont expect to take that long off here, but I am not trading or establishing positions until I see some clarity.
The first shift in momentum needed for bulls is holding $9,000 and breaking $9,730.
If we get a bear break I will be looking for 4 hour oversold conditions to begin scaling in for a bounce.
If bulls break $9,730 I will establish a game plan that allows me some small exposure for the potential the bulls can still change the daily trend back in their favor.

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.