$BTC
What are you waiting for?
I said before that if 83,000 couldn't hold, we should go short. So I entered short around 83,000, took profit above 81,000, and told everyone to close all short positions.
The market reached the 81,000s, and I also pointed out that 81,000 was the bottom for the time being—yesterday! It swept the liquidity below, then a big bullish candle pushed up. It came down again and formed a double bottom; the false breakdown was reclaimed, followed by another big bullish candle (check the 1-hour chart).
What are you waiting for? I already told everyone about the gap: once the pullback filled it, you could enter long! Around the 81,000s, put your stop-loss below the low.
We don't need to overthink it. The false breakdown and reclaim, followed by a big bullish candle, shows that the bulls have counterattacked.
I also mentioned in a post last week that the market could easily sweep liquidity and then continue upward. The liquidation chart in the back end also clearly shows that there is less liquidity below than above.
If you want to short, you can only enter if price is rejected at 84,300. Right now, price has been holding in the lower range, so the only play is to go long: stop-loss at the bottom of the range and take-profit at the top! It's that simple.
Trading is about finding certainty in an uncertain market! When you can't read the market, wait patiently.
Same with Ethereum: when it pulls back, just find a place to go long. It's already made an N-shaped move up! Put your stop-loss below the range. If it breaks down and fails to reclaim, the long trade is over! Take profit at the top of the range around 2,560; if it breaks through, look toward 2,800!
#eth
What are you waiting for?
I said before that if 83,000 couldn't hold, we should go short. So I entered short around 83,000, took profit above 81,000, and told everyone to close all short positions.
The market reached the 81,000s, and I also pointed out that 81,000 was the bottom for the time being—yesterday! It swept the liquidity below, then a big bullish candle pushed up. It came down again and formed a double bottom; the false breakdown was reclaimed, followed by another big bullish candle (check the 1-hour chart).
What are you waiting for? I already told everyone about the gap: once the pullback filled it, you could enter long! Around the 81,000s, put your stop-loss below the low.
We don't need to overthink it. The false breakdown and reclaim, followed by a big bullish candle, shows that the bulls have counterattacked.
I also mentioned in a post last week that the market could easily sweep liquidity and then continue upward. The liquidation chart in the back end also clearly shows that there is less liquidity below than above.
If you want to short, you can only enter if price is rejected at 84,300. Right now, price has been holding in the lower range, so the only play is to go long: stop-loss at the bottom of the range and take-profit at the top! It's that simple.
Trading is about finding certainty in an uncertain market! When you can't read the market, wait patiently.
Same with Ethereum: when it pulls back, just find a place to go long. It's already made an N-shaped move up! Put your stop-loss below the range. If it breaks down and fails to reclaim, the long trade is over! Take profit at the top of the range around 2,560; if it breaks through, look toward 2,800!
#eth