đ Before the weekend, answer these 4 questions about Bitcoin.
Don't start with âBTC to $100Kâ or âBTC to $70K.â
Start with evidence.
1ïžâŁ Structure: Is BTC making higher highs and higher lows, or lower highs and lower lows?
2ïžâŁ Key levels: Which recent high or low would change your current market view if broken?
3ïžâŁ Confirmation: Is volume supporting the move, or is price moving without convincing participation?
4ïžâŁ Risk: If your idea is wrong, where are you invalidated â and how much are you risking?
A useful market view should have three parts:
âą What you see
âą What would confirm your idea
âą What would prove it wrong
That is more useful than pretending anyone knows the next candle.
đ Your turn: are you currently bullish, bearish, or neutral on BTC â and what evidence supports your view?
#bitcoin #CryptoAnalysis #TechnicalAnalysis #tradingeducation
Don't start with âBTC to $100Kâ or âBTC to $70K.â
Start with evidence.
1ïžâŁ Structure: Is BTC making higher highs and higher lows, or lower highs and lower lows?
2ïžâŁ Key levels: Which recent high or low would change your current market view if broken?
3ïžâŁ Confirmation: Is volume supporting the move, or is price moving without convincing participation?
4ïžâŁ Risk: If your idea is wrong, where are you invalidated â and how much are you risking?
A useful market view should have three parts:
âą What you see
âą What would confirm your idea
âą What would prove it wrong
That is more useful than pretending anyone knows the next candle.
đ Your turn: are you currently bullish, bearish, or neutral on BTC â and what evidence supports your view?
#bitcoin #CryptoAnalysis #TechnicalAnalysis #tradingeducation