๐จ Quick Dive into #BTC Trends ๐จ
Smooth sailing so far! Strategically set my Stop Losses (SLs) with Limit orders, seizing every opportunity until we hit the $55,000 territory. ๐๐ฐ
๐ฏ Analyzing the Circles:
Keeping a close eye on Circle 2, resembling the current zone (Circle 1) with historical significance. Content with a weekly close around $45,000 to $46,000. ๐๐น
โ๏ธ Indicator Insights:
While some indicators hint at a bearish stance, remember, the crypto market dances to its rhythm. Advocate studying past data to plot future movesโlearn from the market's history.
๐ Debunking Liquidation Risks:
Crucial lessonsโdon't risk 50% of your portfolio with 10X leverage. Opt for 3% with a mindset to Dollar-Cost Average (DCA) positions. Even in a worst-case scenario, DCA by 3% to 4% leaves you with a prime entry and stable liquidity.
๐ก Trust the Process:
Ignore the noise! Trust the process and filter out the skeptics. People who challenge credibility often lack skin in the game. Stick to your instincts and observed results.
๐ข How to Dive In?
For Bitcoin, avoid market entry impulsivity. Set a limit order at $42,900 or $43,010. When hit, swiftly place SL at entry. A win-win strategy, securing your position in any market move.
Remember, do your own research and navigate the crypto waves wisely! ๐๐ #TradeSmart #CryptoInsights #BitcoinJourney #TradeNTell #Write2Earn
