Don't freak out over intraday price action today if it goes south. The range we are in of $46k-52k is still the range until it’s not. Wait for daily closes paired with supporting technicals. BTC is looking a bit poorly right now on higher timeframes but I’m not really looking to do much differently until the weekly close sets.
And regarding the top left comment in the picture. Fundamentals are great for the long term but crap for timing. Basic studies of price action candle formations, support & resistance, and trend identification can get you better entries on your fundamental outlooks. Stop trying to buy every dip like a whale, unless you are a whale. They have more money and can afford to do that regardless of how low the price gets. Be smarter than that. The 3 concepts above are how you can be. Tomorrow I’ll continue the series about these topics. I’ve already done the first one.
Don't Panic
Don't Panic
Don't Panic
Don't freak out over intraday price action today if it goes south. The range we are in of $46k-52k is still the range until it’s not. Wait for daily closes paired with supporting technicals. BTC is looking a bit poorly right now on higher timeframes but I’m not really looking to do much differently until the weekly close sets.
And regarding the top left comment in the picture. Fundamentals are great for the long term but crap for timing. Basic studies of price action candle formations, support & resistance, and trend identification can get you better entries on your fundamental outlooks. Stop trying to buy every dip like a whale, unless you are a whale. They have more money and can afford to do that regardless of how low the price gets. Be smarter than that. The 3 concepts above are how you can be. Tomorrow I’ll continue the series about these topics. I’ve already done the first one.
Have a great day.
@theprivacysmurf