Bitcoin bottom in?

24 de fev. de 2022

Still in descending broadening wedge with nasty wick at hz resistance.

Plan:

1. Get rejected within wedge, and we are looking at a retest of 35.5.

2. Breakout on the next H4 close (daily also), 1st test will be 39.5-40k, then 41.5. Pass those levels and 43.5 nPOC level should be next target.

PT of broadening wedge breakout is 42k. BTC #Bitcoin

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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals

Please note:

- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!