Replay Series 7/8/2024
Last week's chart talk only shared one trading opportunity with a profit of +3%$PEOPLE
For details, please see Picture Story Series
1:3 exit, if you hold on, the highest is 1:20. Well, I can't hold on anyway. The trading plan is made before opening the order. The stop profit and stop loss are also set when the order is opened.
Last week, I also shared my views on the trend of $LISTA
For details, please see lista trend
For a volatile trend, just add conditions to yourself, just like writing a program with if... then...
What happens if you go short? What happens if you go long?
This time the script is obviously empty.
Now let's talk about $BTC
The weekly trend is not ideal. It closed below the previous low of 56,500. The price is willing to continue to fall. If it continues to fall, the target will be in the range of 46,000-49,000.
The US dollar CPI data will be released on Thursday. It is one of the data with the greatest impact on price fluctuations. Thursday night after the data is released and Friday will be a good trading time.
In the short term, if you want to go short, wait for BTC to reach 56000 in 4H. After this short side is unbalanced, look at the small pattern price trend to go short. Short to around last week's low of 53300.
If it is a reversal, the bottom will most likely be when the CPI is released on Thursday. It will not be too late to go long afterwards.
Just like analyzing lista, I have a plan for long or short. If the trend is the same as what I thought, I will decisively open the order. If it does not go according to the script, I will wait for the next opportunity.
If there are trading opportunities this week, I will continue to share the picture-telling series. Sharing is not easy. I hope you will like and follow me so you don’t get lost.