#BTC:
These breaks in the trend lines in the weekly RSI are key to showing the end of the bearish cycle.
Keep an eye on what's coming.
Always do your own research.
#BTC:
These breaks in the trend lines in the weekly RSI are key to showing the end of the bearish cycle.
Keep an eye on what's coming.
Always do your own research.
Bears generally lose money in financial markets.
If you're short or side-lined, it should be with a view to getting back in at better levels and/or upon invalidation.
Not being in the market is the exception, not the rule.
Patience is important.
It’s also terribly vague.
Some context:
- Waiting for clear setups to form
- Waiting for a valid entry trigger
- Allowing the position to develop
- Trading a strategy for long enough to get meaningful information
- Giving yourself time to improve
How to use confirmation in trading:
1. Rigorously, with strictly predefined rules for what constitutes confirmation.
2. Not at all.
There’s no good compromise, IMO.
Most ‘confirmation’ tends to be cope i.e. waiting for price to go your way before jumping into a late entry
Patience is important.
It’s also terribly vague.
Some context:
- Waiting for clear setups to form
- Waiting for a valid entry trigger
- Allowing the position to develop
- Trading a strategy for long enough to get meaningful information
- Giving yourself time to improve
I entered this short on LTM with this liquidity sweep as I found a structure breakout.
It can be a loser but the important thing is the consistency in your system.
#DYOR#Trading#Btc
How to use confirmation in trading:
1. Rigorously, with strictly predefined rules for what constitutes confirmation.
2. Not at all.
There’s no good compromise, IMO.
Most ‘confirmation’ tends to be cope i.e. waiting for price to go your way before jumping into a late entry