Why 38.8k is a big deal

2022년 2월 3일

BTC #bitcoin .236 coincides with diagonal and 20 MA/EMA. Daily close above 38.8 would be strong.

Best to not overtrade and let the set up come to you.

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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!

2022년 2월 3일

노트

Slow bleed after a strong rejection at EMA100 and .5 fib level makes me think we will go steeper down this curve and retest 33.7 with potential for much more pain before finding a real bottom.