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Your thoughts on this
$BTC
Monthly candle ?
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It's ok to be bullish or bearish but it's not ok to be Biased. Be open to every market condition. if you are bearish make sure you have a price that will invalidate your bearish idea and do the same if you're bullish. You are here to make money not to be right or wrong. Do not force your analysis, be ok with the fact that you can be wrong and go with the flow.
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What happened there? I see many coin gave a big move down. $ACT alone dumped -50%
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$BTC 1D & 4hr chart Break and holding above $85.5k-86.5k may change something on 1day and 4hr chart (Not weekly). until then i don't even see anything bullish on these two chart. Might be possible we see price squeeze into that zone in short term but how price react to it will be more important. When it comes to trading Bitcoin i try to focus more on high timeframe structure because BTC is not something that keeps dumping like a shitcoin it provides a lot of bounces in between which usually end up as a trap. Focusing on high timeframe only helps me to avoid the short term noise.
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$BTC Weekly update So what changed on the weekly chart ? Did price dropped to a key level? No Is there any fake-out of the key low that i can use for my trade invalidation? No Is there any structure break? No So what should i do based on the weekly chart? Ignore whatever is happening on the lower timeframe.
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This is what $XRP fans want to hear from me
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