Hello everyone,
new week, new BITCOIN update. Hope everyone doing great!
____________________________________________________
This week should be lot of FUN, due to FED meeting at Wednesday,
Im expecting increase in volatility so I suggest to everyone act accordingly.
So as I ment in Last Update, there was increased chance of retracing back to Highier prices, due to expected News last week.. and we rallied aproximatly where I eyed between 44-42k$.
In fact, we came back to almost exact Price, where I was firstly highly persuaded that we are in Great Odds for Short trade, thats why I suggested to use Trailing Stop Loss, to bag some of profits while we benefit from them. So everyone who did, good job guys.
So, as for RIGHT NOW, I think, we came back to great SHORT area, BUT we need to remember, that there is still potentional of going to Highier prices (44k$ area). We cant forget that! So if you decide to Short market, YOU HAVE TO USE STOP LOSS!!! Especially, when there is most likly volatility spike coming, due to FED meeting mid-week..
So, IF I was opening Short right now, I would check Lower timeframes (15minutes/5min), to found Price where STOP LOSS WILL BE!! Reason behind that is, IF I expect Market to going Lower before Meeting is done, THEN price SHOULD NOT going back highier about price I picked. PRICE I would choose right now is around 42599,99$ .. which is around 1% from where Price is Right Now, and its Representing area around Weekend Highs.. and so IF we expecting Start of Week to going Lower, this Price range SHOULD NOT BE TOUCHED... IF IT IS, there is possibility of going to Highier price ment earlier.. So STOP LOSS protect us from unnecessarly damage and we can adjust with NEW trade in CORRECT time LATER!
So again, BE CAREFULL with opening new trade right now, it can start moving real quick.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
new week, new BITCOIN update. Hope everyone doing great!
____________________________________________________
This week should be lot of FUN, due to FED meeting at Wednesday,
Im expecting increase in volatility so I suggest to everyone act accordingly.
So as I ment in Last Update, there was increased chance of retracing back to Highier prices, due to expected News last week.. and we rallied aproximatly where I eyed between 44-42k$.
In fact, we came back to almost exact Price, where I was firstly highly persuaded that we are in Great Odds for Short trade, thats why I suggested to use Trailing Stop Loss, to bag some of profits while we benefit from them. So everyone who did, good job guys.
So, as for RIGHT NOW, I think, we came back to great SHORT area, BUT we need to remember, that there is still potentional of going to Highier prices (44k$ area). We cant forget that! So if you decide to Short market, YOU HAVE TO USE STOP LOSS!!! Especially, when there is most likly volatility spike coming, due to FED meeting mid-week..
So, IF I was opening Short right now, I would check Lower timeframes (15minutes/5min), to found Price where STOP LOSS WILL BE!! Reason behind that is, IF I expect Market to going Lower before Meeting is done, THEN price SHOULD NOT going back highier about price I picked. PRICE I would choose right now is around 42599,99$ .. which is around 1% from where Price is Right Now, and its Representing area around Weekend Highs.. and so IF we expecting Start of Week to going Lower, this Price range SHOULD NOT BE TOUCHED... IF IT IS, there is possibility of going to Highier price ment earlier.. So STOP LOSS protect us from unnecessarly damage and we can adjust with NEW trade in CORRECT time LATER!
So again, BE CAREFULL with opening new trade right now, it can start moving real quick.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
