Here is a quick update on my previous analysis.
Last time I mentioned that I was expecting a sharp fall after the spike on the Oct 11th. Unfortunately, it might not happen at all. The sideways movement took too long time and I think that we might witness a short-term uptrend. Ideally, I would like to see it above 9000 before another drop.
If you like to trade now, I do not advise to risk more than 1% of your balance. The current condition is tricky so it is better to stay safe.
Of cause, if the price drops with power below 7800, it invalidates my above mentioned idea.
Long term: I am still expecting a price around 6000.
========================================
GENERAL RULES TO KEEP YOU SAFE:
1. Do not risk more than 2-3% per trade!
2. Always use stop-loss!
3. Do not FOMO!
4. Do not add to a losing trade
THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
Last time I mentioned that I was expecting a sharp fall after the spike on the Oct 11th. Unfortunately, it might not happen at all. The sideways movement took too long time and I think that we might witness a short-term uptrend. Ideally, I would like to see it above 9000 before another drop.
If you like to trade now, I do not advise to risk more than 1% of your balance. The current condition is tricky so it is better to stay safe.
Of cause, if the price drops with power below 7800, it invalidates my above mentioned idea.
Long term: I am still expecting a price around 6000.
========================================
GENERAL RULES TO KEEP YOU SAFE:
1. Do not risk more than 2-3% per trade!
2. Always use stop-loss!
3. Do not FOMO!
4. Do not add to a losing trade
THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
评论
The scenario has been invalidated by the recent drop. Next targets could be 6500-6000.交易结束：到达止损
Since my last post, a lot of things has happened with BTC. The enormous explosion caused my thoughts to shift towards bullish outcome. At least for the next month.相关出版物
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