What is BITCOIN COOKING and why you are most likely to miss it..
Because over 65% of the time the market is in a trading range, either the form of a channel or sideways. its a shame that only less than 45% of the time you will see a clear trending market and if you are the type that typically always over position, a slight little move against you will most likely lead to a big loss for those of us trading on Futures account. Futures trading requires lots of patient (kindly like to support our Ministry to help us move to the permanent site
A channel with two sided trading going on like the current BTC Market leads to over 75% of traders anxiety as a result of the wide weak channel the market is trading on( a trending trading channel)
Looking at the Weekly chart, we see a clear breakout from consolidation and a current retest of that breakout point. also from our last analysis last week on BTC when price was at 10200, zone, it has respected the lower channel trend line ( we recommended buying at the lower channel trendline zone last post)
The thing remains that So many will miss the up coming PUMP simply because of the anxiety and confusion we traders seem to find ourselves as a result of the Market current WIDE TRENDING TRADING RANGE CHANNEL(this shows a strong sign of two sided trading and beginners are likely to take each pull back as reversal, they will most likely be Shorting each pill back thinking it will reverse only for their Shorts to be bought right back.( one of the strong characteristics of a channel is the two sided trading taking place, each attempt to break out of the channel will 75% of time fail especially if the market is trending
A channel with two sided trading going on like the current BTC Market leads to over 75% of traders anxiety as a result of the wide weak channel the market is trading on( a trending trading channel)
Looking at the Weekly chart, we see a clear breakout from consolidation and a current retest of that breakout point. also from our last analysis last week on BTC when price was at 10200, zone, it has respected the lower channel trend line ( we recommended buying at the lower channel trendline zone last post)
The thing remains that So many will miss the up coming PUMP simply because of the anxiety and confusion we traders seem to find ourselves as a result of the Market current WIDE TRENDING TRADING RANGE CHANNEL(this shows a strong sign of two sided trading and beginners are likely to take each pull back as reversal, they will most likely be Shorting each pill back thinking it will reverse only for their Shorts to be bought right back.( one of the strong characteristics of a channel is the two sided trading taking place, each attempt to break out of the channel will 75% of time fail especially if the market is trending
