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CRYPTO MECHANIC
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The situation of S&P 500 , NASDAQ and
BTC
right now amid war uncertainty.
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Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.
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BTC
59,628.95
+0.70%
4.6k
0
Replies
6
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CRYPTO MECHANIC
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KEEP YOUR CAPITAL if you can do at least do that, That is a win. The markets are challenging it's tough, it's a battlefield, it's a war Zone. It can be terrifying to some people but if you can enter and exit a trade, with your capital still intact, that's a huge win. Keeping your capital is just like keeping some Ammo's with you so that you can strike back later. DO NOT LOSE IT ALL
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Bitcoin played pretty bad there, i was actually expecting this week to be good for the bulls. The chop continues , I have no clean bullish setup on BTC right now unless we see it bounce back above $61.7k before the weekly close. until then I'd like to sit on the sidelines.
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Bitcoin took an instant pullback after a move up from $61k to $65k i discussed in this video i posted on Saturday what happens when the market goes for a quick retest. watch this you may learn a few things.
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What an early morning surprise. Did i miss a news or it just a random drop?
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If you watched my $BTC video i uploaded earlier this week. I did say i wouldn't like an instant retest after this move up. I also posted my trade plan on monday that I'll buy if i get this pullback. Although i executed my trade but I wouldn't be surprised if this turns out to be a failed setup and the reason is obvious as i explained in my video You may ask then why i took this trade if i don't like it? it's about risk and reward, My risk is small here compared to my reward. The invalidation level is clean. A hold below $61k will invalidate my plan. I don't get scared in executing my plan because this is what i always do. Ready for whatever the outcome i get.
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