DEALERBTC My Thoughts: Bitcoin $BTC: Play On Playa $54k-$57k
I had a good short but took profit - perfectly shorted the top. In my opinion bears failed to drive down the price. I believe price will be headed to $54,000 first, and then $57,000.
In my opinion, if any sweep of $41500, it would provide a great long opportunity, though I think the odds of a further sweep of $41500 are relatively low, but hey I'm not a soothsayer.
As for alt coins, I believe buy the blood / buy the dip opportunities are running out before they put in a good bounce.
This clearly isn't an up only market as we would wish it were on the lower timeframe. The consolidation / chop is enough to mess up a new margin trader's life for 10-15 years if he gives it everything he's got.
New traders or those without a sound sense of price action should stay away from margin trading because it can really mess up their life. I personally have been through hell to be here today - but only because I always had capital coming in and I had good methods of analysis that I independently developed. I have been rekt more times than you have and I have blown more accounts than you will probably ever blow. But that's the cost of doing business. Just sharing my experience so you can't say I didn't warn you, and so that you know in your head that someone did actually warn you.
As for price, when I see it going up, I am ultra bullish, when I see it going down, I am ultra bearish. When it's time to flip bias, I flip bias. That's just how I function. This is a game of extremes and that's the best way I can prepare for whatever is coming my way.
This trade idea is not financial advice. I am not a financial advisor of any kind. Please do your own analysis, responsibly mange your risk, and stay safe.
Thanks for hitting the like button and for following.
In my opinion, if any sweep of $41500, it would provide a great long opportunity, though I think the odds of a further sweep of $41500 are relatively low, but hey I'm not a soothsayer.
As for alt coins, I believe buy the blood / buy the dip opportunities are running out before they put in a good bounce.
This clearly isn't an up only market as we would wish it were on the lower timeframe. The consolidation / chop is enough to mess up a new margin trader's life for 10-15 years if he gives it everything he's got.
New traders or those without a sound sense of price action should stay away from margin trading because it can really mess up their life. I personally have been through hell to be here today - but only because I always had capital coming in and I had good methods of analysis that I independently developed. I have been rekt more times than you have and I have blown more accounts than you will probably ever blow. But that's the cost of doing business. Just sharing my experience so you can't say I didn't warn you, and so that you know in your head that someone did actually warn you.
As for price, when I see it going up, I am ultra bullish, when I see it going down, I am ultra bearish. When it's time to flip bias, I flip bias. That's just how I function. This is a game of extremes and that's the best way I can prepare for whatever is coming my way.
This trade idea is not financial advice. I am not a financial advisor of any kind. Please do your own analysis, responsibly mange your risk, and stay safe.
Thanks for hitting the like button and for following.
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.