BTC - MUST WATCH For Short Term Traders

7 בנוב׳ 2023

Hi Traders, Investors and Speculators of Charts📈📉

As you know, we're trading in the opening moments of a new bullish cycle.

As we gradually make our way up towards a new ATH over the next few months, technical indicator tools will be crucial to help catch those perfect swing-trades.

Today's analysis is an absolute MUST watch for beginners- to intermediate-level traders. The important concepts in this video are all about why you can't watch the BTC chart alone, and which other charts you need to watch together with BTC as well as which indicators are great for short term trades, and how to use them TOGETHER.

Again, I'm "forced" to label this post as long but like I said yesterday, I wish there were some other options. I'm ultimately labeling it as "long" because we are in a bull market and corrections are just opportunities for swing trades. Shorting in a bull market is risky business and I am all about risk management in setups.

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TOTAL3 BTC.D BTCUSDT BTCUSD

7 בנוב׳ 2023

הערה

I'll keep on updating here about that BTC CLOSE we need to watch

9 בנוב׳ 2023

הערה

And just as discussed, a perfect breakout above. Technicals just came down enough to cool down and catch a breather before the next pump. Next likely 38K.

9 בנוב׳ 2023

הערה

BTC from a Macro perspective. $40-43k zone is our next immediate target.
There is an important MACRO event coming up that will most definitely affect the price of BTC and that is the halving.


As you can see, we are still in the opening moments of a new bullish cycle. We've been making higher lows, but nothing parabolic... yet. Cycles often last months or more than a year. So make sure you have realistic expectations for high and low targets according to a longer timeframe.

Just for perspective in terms of higher lows: Even IF we dropped back to 28k, we would still be in a healthy correction and a bullish cycle. No sign of it happening any time soon, but keep in mind that the price does correct during a bull cycle, this is normal.