Bitcoin / TetherUSDiupdate BTCUSDT | 1H | Bloody Monday
Last Monday (30 July) was a Bloody Monday and proceeded with downtrend for the rest of the week. This Monday has started out on a downtrend. Trade safely! I have low ball order in on on some alts.
I'm not a Chartist by far but the other day I charted $6815 by today to see how close I could get. It hit lows of $6882 yesterday then bounced. Looks like BTC is holding stronger than a lot of analyst expected today.
I'm always bullish on BTC and hope for the best. Still, the point of this post is that I stay away from Mondays UNLESS I'm sitting at the computer TREND TRADING or if BTC is up trending leaving behind Green candles on the daily. Thanks
I'm not a Chartist by far but the other day I charted $6815 by today to see how close I could get. It hit lows of $6882 yesterday then bounced. Looks like BTC is holding stronger than a lot of analyst expected today.
I'm always bullish on BTC and hope for the best. Still, the point of this post is that I stay away from Mondays UNLESS I'm sitting at the computer TREND TRADING or if BTC is up trending leaving behind Green candles on the daily. Thanks
Catatan
Looking at the bigger picture zooming out to the 1D. This is the 8th day in a row on a red candle. There nothing good going on for BTC at the moment on any time frame, 4H, 1H, etc. I would stay away today. If anything, Look for low entries for the bounce. Maybe the end of the today or early morning tomorrow might be a better time to re-asses and get into your favorite Alts or BTC. Well these are my rules.
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