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A CHRISTMAS MESSAGE
Yesterday, I was conducting a futures operation on $BTC in the 5-minute period.
After identifying a possible shake-up with a high increase in volume outside the equilibrium zone, I decided to propose my long entry.
Finally, after some small price reactions, my stop-loss was triggered. Following that, the price rose strongly to where we currently have it oscillating.
Once it got me out of the operation, I didn't even consider re-entering, despite having all the signs of accumulation in my favor.
Why didn't I re-enter?
When trading futures, it's easy to get carried away by impulses and try to take "revenge" by betting on a favorable movement; however, that is not healthy for your mind or your wallet, as most of the time, in seeking a profit you will end up losing more than before.
The moral of this is that we must trade while maintaining calm, as you will always have new opportunities to win.
For example, we could wait for a test at the point where I placed the second arrow, at the top of the distribution, and consider a long trade again.
Merry Christmas and much success in your trades.
Yesterday, I was conducting a futures operation on $BTC in the 5-minute period.
After identifying a possible shake-up with a high increase in volume outside the equilibrium zone, I decided to propose my long entry.
Finally, after some small price reactions, my stop-loss was triggered. Following that, the price rose strongly to where we currently have it oscillating.
Once it got me out of the operation, I didn't even consider re-entering, despite having all the signs of accumulation in my favor.
Why didn't I re-enter?
When trading futures, it's easy to get carried away by impulses and try to take "revenge" by betting on a favorable movement; however, that is not healthy for your mind or your wallet, as most of the time, in seeking a profit you will end up losing more than before.
The moral of this is that we must trade while maintaining calm, as you will always have new opportunities to win.
For example, we could wait for a test at the point where I placed the second arrow, at the top of the distribution, and consider a long trade again.
Merry Christmas and much success in your trades.
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Over the next few days $CFX could be testing the 0.18 area.
This could open up two paths for us:
1. The most likely scenario (according to my analysis, although in the end it all depends on what $BTC turns out to be) taking into account the high volatility and high volume throughout the structure, would be that it would test with decreasing volume in the 0.18 area and then drop and visit the limits of the structure at 0.10. After this, it could continue to fall until it visits 0.07 and, in the worst case, if it loses this area, the price would fall to 0.03.
2. If the test is carried out with increasing volume, we could be facing a simple correction taking into account the price setback of $BTC . This would be confirmed with an increase in volume until breaking the structure leaving the equilibrium zone to go to visit the maximum of the structure at 0.27, being able to extend the movement to 0.29 and 0.32. If this price volume zone is exceeded, we could be in the presence of a very rapid acceleration to go to visit previous highs.
If you found my analysis useful, don't forget to leave me a tip.
Until next time 😊.
This could open up two paths for us:
1. The most likely scenario (according to my analysis, although in the end it all depends on what $BTC turns out to be) taking into account the high volatility and high volume throughout the structure, would be that it would test with decreasing volume in the 0.18 area and then drop and visit the limits of the structure at 0.10. After this, it could continue to fall until it visits 0.07 and, in the worst case, if it loses this area, the price would fall to 0.03.
2. If the test is carried out with increasing volume, we could be facing a simple correction taking into account the price setback of $BTC . This would be confirmed with an increase in volume until breaking the structure leaving the equilibrium zone to go to visit the maximum of the structure at 0.27, being able to extend the movement to 0.29 and 0.32. If this price volume zone is exceeded, we could be in the presence of a very rapid acceleration to go to visit previous highs.
If you found my analysis useful, don't forget to leave me a tip.
Until next time 😊.