$BTC The 4h candle closed at 83.454, with both moving averages above it: the 20-period at 84.974 and the 50-period at 84.790. It lost both at once and ended up 4.1% below the top of the range.
Tip of the day: when the price is below both moving averages at the same time, buying the bounce is the most common trap. Iโm not touching anything until I see a 4h candle close above the 50-period moving average. Until that happens, itโs noise, not an entry.
Tip of the day: when the price is below both moving averages at the same time, buying the bounce is the most common trap. Iโm not touching anything until I see a 4h candle close above the 50-period moving average. Until that happens, itโs noise, not an entry.