Three months later, the price reached the 74.5k level I mentioned in my previous Bitcoin technical analysis.
– PRICE FIRST, then TIME & EVENTS
#Bitcoin
BITCOIN: Bearish bias developing.
Volume confirms weakness behind recent moves. For now, 74.5K is the key structural level that could preserve Bitcoin’s broader trend.
Before that, watch how price reacts around 98.5K and the ATH at 125K; zones that could define the next leg
#BTC
The Five Hardest Things in Trading
1) Letting winners run (without choking them early)
2) Cutting losses aggressively when the market is going hard against you
3) Avoiding selling during extreme panic events
4) Avoiding buying during euphoria
5) Returning to the market quickly and unemotionally after getting wrecked
Big mistake in bearmarkets:
Jumping in too soon without confirmation.
Wait for a confirmation, such as:
- Market structure shift
- Displacement
- Bullish divs
Preferrably all 3 together and on daily TF. Deviate from this is increased risk but also potentially increased reward.
Stop placement beats risk % because knowing where to exit based on market structure protects your capital & trade integrity better than blindly risking a %. Without the right stop location, risking % leads to arbitrary losses & account blowups.
Price matters more than % risk.
After a sharp downturn in crude oil prices, the market entered a volatile period. Who may have the ability to keep prices from approaching the $40-per-barrel threshold?
#CrudeOil#OilMarket
The 102 level of the $DXY Dollar Index is a key point to watch for forex traders, as well as for those trading or holding indices, stocks, and cryptocurrencies.