BTC Rally Continues... Whats Next?
As the crypto run continues to push up forcasting becomes far more challenging. Ranges become extremly large, moves become faster and larger and the only thing that can be done is react to local price action at significant points of interest in time and price.
I have laid out several of these on the BTC daily chart BUT it is up to each individual to make there own decisions and respond to price action as it presents is self.
Personally the trend is solid and been absolutely ripping. As such see no reason to expect a major change.
With that said volitity is EXTREMELY high and retraces for liquidity can be very very significant. High leverage trading is likely way to accelerate trading balances to zero in this kind of environment and with the size of the swings is simply not necessary.
Current Trading Plan:
Remain long until there a clear brake of the macro trend and if given the oppertunity accumulate more and more and more at KEY areas of interest ALWAYS far below the swing high where risk is at its absolute lowest.
Trade Well...
Your Friend,
Degen
I have laid out several of these on the BTC daily chart BUT it is up to each individual to make there own decisions and respond to price action as it presents is self.
Personally the trend is solid and been absolutely ripping. As such see no reason to expect a major change.
With that said volitity is EXTREMELY high and retraces for liquidity can be very very significant. High leverage trading is likely way to accelerate trading balances to zero in this kind of environment and with the size of the swings is simply not necessary.
Current Trading Plan:
Remain long until there a clear brake of the macro trend and if given the oppertunity accumulate more and more and more at KEY areas of interest ALWAYS far below the swing high where risk is at its absolute lowest.
Trade Well...
Your Friend,
Degen
