$BTC Yesterday, a friend said that this moving average system is really useful. At least it will not let you go against the trend. The entry signal is clear and the stop loss is also clear. Then use it to see how BTC will operate in the next two days.
The 4-hour 169MA pressure level is around 64500-64800. Those who want to short should wait for this range.
The 1-hour and 15-minute support levels are both 61200-61500. There is a high probability that it will go sideways for two days on the weekend. Wait for the retracement of the 61500 position to confirm the support before going long.
Again, when trading, you can do both long and short, but don't chase high or short, to avoid being trapped, which will be very uncomfortable. Don't lose control of your hands and don't make orders emotionally. Chasing in usually means huge losses or easy to be swept by stop losses.
If you want to do it, do it at the trigger point in the system. Go in when there is a signal. Don't wait for the market to go for a long time before chasing in, otherwise the stop loss will be very large.
Go in and either take profit or stop loss. Set a protective stop loss when there is profit. As long as you strictly follow the trading system, even if you stop loss, it is a correct transaction.
