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CRYPTO MECHANIC

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it's sad to say but crypto is the only market where people don't want to learn they just want to be told what to do.They just want to have a reliable signal.

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Just bought a Rolex. Thanks to Altseason

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Identifying the shift in trend No trend lasts forever and this is where people lose most amount of their money. If people are bearish and the trend shifts to bullish they do not accept it and keep shorting the market. And if people are bullish and the trend shifts they don't accept it and keep buying the dips. How can you identify a trend shift? In this post we will talk about bullish trend break. when the market breaks a bullish trend you will see it will break below the higher low (The uptrend it was maintaining) on the high timeframe. The best one you can use is weekly and daily timeframe. Once price does that you can shift your bias from being bullish and wait unless if you get another bullish confirmation. Some people like to take profits on their buys as trend breaks or some people like to open shorts depending on the type of traders they are and depending on how they want to trade. Be bullish when the market is bullish Shift your bias when the trend shifts. This is the only way to survive and be a profitable trader.

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The only good thing i see on $BTC is weekly candle still got 4 days in it. If price closed back inside the range by the end of the week. It will change nothing technically. (No structure break) I will make a weekly update as well like i always do.

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$BTC Broke below the range it has been in for the last 3 months. Long story short as long as price doesn't reclaim this zone. I don't see a reason to be bullish on Bitcoin. It does have support at $85k - $ 87k zone that can provide short term bounces. But personally i'll be more confident if it reclaims that broken range.

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Where are you interested to buy BTC if you have to? Drop your price target 👇

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