Time is the most important factor
For example, breakouts and turning points often occur during the US session
For example, on weekends the probability of declines is often higher
Coming back to the BTC chart right now, it’s very likely that the main players are also waiting for the European or US session time before they make a real upward breakout
Before you know it, it’s been another 30 days of consolidation
Once there is a real breakout above the 815-820 resistance range, it will definitely shoot upward like a fountain
So please just be patient and wait,
either wait for the resistance break confirmation or wait for a MACD golden cross
One thing to note: if it spikes up toward 830-860, be careful—there may be another major pullback (A-Xin thinks this probability isn’t low). Personally, I will choose to take profit after the spike and call it a day. I won’t hold out for more. $BTC
For example, breakouts and turning points often occur during the US session
For example, on weekends the probability of declines is often higher
Coming back to the BTC chart right now, it’s very likely that the main players are also waiting for the European or US session time before they make a real upward breakout
Before you know it, it’s been another 30 days of consolidation
Once there is a real breakout above the 815-820 resistance range, it will definitely shoot upward like a fountain
So please just be patient and wait,
either wait for the resistance break confirmation or wait for a MACD golden cross
One thing to note: if it spikes up toward 830-860, be careful—there may be another major pullback (A-Xin thinks this probability isn’t low). Personally, I will choose to take profit after the spike and call it a day. I won’t hold out for more. $BTC
