As market going down what are your thoughts on #crypto pre/ | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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As market going down what are your thoughts on #crypto pre/post FOMC Release ?
#Binance #BNB #ETH #Fomc

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-3.53%

BNB

543

-0.96%

520

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CRYPTO MECHANIC

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Each person has a different perspective of looking at the market and it's all fine. you can be a supply and demand trader , support & resistance , Trend lines trader , indicators trader or use any trading strategy. I have even seen traders that trade news only. Your trading style doesn't really matter. if you're using a specific charting technique and someone is using a different technique to evaluate the charts that doesn't mean you're right and he is wrong The only thing that matters is profitability, If your edge is keeping you profitable , it's all right.

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Do you think that was the bottom for October or more pain Ahead?

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Today i am giving you a cheat sheet and one of the easiest way to make money in market. (only if you apply it right). See the attached picture 1-find a price range, the area that is resisting the price multiple times. 2-wait for the price to break out of it 3-once the price breaks and closed above that area and when the next candle breaks the high , that's where you will get a trigger for your entry if you can master this simple strategy, you will be able to take trades on your own. it works on all timeframes. Each timeframe produces different results. For example if you're looking at 1hr chart and your entry , exit will be based on 1hr chart. Similarly if you're looking at 1Day chart your entry and exit will be based on 1D chart. The same area you used as the breakout will be your invalidation just in case it doesn't work in your favor because you will not be right 100% of the time. And remember a bullish setup works perfectly when you apply it on a bullish trend. The easiest trade is the one that is taken in the trend direction. i posted it before and posting it again because we are in a market condition where this strategy can help you to make money.

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This move down on $BTC was somehow expected as i discussed it in my today's video that we have a fakeout of $65k on daily chart. it's mostly fueled by the uncertainty of war Iran attacking Israel. If you have no idea what's going on your much better position is don't take any position or if you really want to, Do not trade with leverage do it on SPOT as you never know how bad fundamentals can destroy the market. Remember that fundamentals can always outperform your technical analysis.

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Bitcoin can never be GOLD it will always remain a safe heaven for investors

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