BITCOIN - Updated Chart and Much Food For Thought ✌️😺

7 באוג׳ 2022

Ascending channel is a strong patternhttps://www.investopedia.com/terms/a/ascendingchannel.asp#:~:text=An%20ascending%20channel%20is%20the,that%20joins%20the%20swing%20highs.

Situation is definition of unclear today: Personally I am Long with SL the red level on my chart. Under that i will need to go short to the lower end of the channel but hey, this is Crypto: maybe a Pump towards 24k could be in play today.

Remember:
As explained yesterday, weekends are slow (retail investors in stress) and Mondays are usually Red:

ie: not the best time to trade but check my posts below with some nice shorts on Alts that made this weekend a great one already:
FIL Short

Enjin short

Mana Short:

Not to mention the Long ideas posted here that actually did well:
QNT Long

AVAX

Some of you fail to understand that trading is not so much to predict the outcome..is to understand price better and learn how to trade high probability levels.

👉Do me a favor and click on this previous idea... Hit on play and enjoy some FxProfessor Magic:

👈😺

One Love,

The FXPROFESSOR