Importance of NOT doing anything
as traders, especially those who prefer day trading or scalping, there are times that there isn't any clear signal and in my opinion this is one of those times. so it is very important to seat out this one and do nothing. I know you may miss some opportunities this way, but for me the most important thing has always been not losing money; and believe me i have paid the price to learn this.
as you can see price is within the confines of a triangle and there are mixed signals in different time frames and i can not see so much of a divergence in either direction at least in lower time frames. there are some huge CME gaps beneath us, on of a thousand dollars at around 17000 that has not been filled and we have the dreaded double top pattern at around ATH. but non of these are important alone, so i would like to be out in Tether waiting for a clear sign.
if you are in a position especially if you bought the deeps, good for you; set your stop loss and enjoy the show. if you are not, i wouldn't enter here. but after all its your money, so its your decision.
PS: i would like to add that in case of a break up, there is a decent chance to see 20500-21000 area and in case of a break down, i think the support would be 16500-17300 zone.
as you can see price is within the confines of a triangle and there are mixed signals in different time frames and i can not see so much of a divergence in either direction at least in lower time frames. there are some huge CME gaps beneath us, on of a thousand dollars at around 17000 that has not been filled and we have the dreaded double top pattern at around ATH. but non of these are important alone, so i would like to be out in Tether waiting for a clear sign.
if you are in a position especially if you bought the deeps, good for you; set your stop loss and enjoy the show. if you are not, i wouldn't enter here. but after all its your money, so its your decision.
PS: i would like to add that in case of a break up, there is a decent chance to see 20500-21000 area and in case of a break down, i think the support would be 16500-17300 zone.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.