Hello trading friends,
I hope you have a great day.
Since the last ETN update - the target hit on 42K trend, but what next?
See here before trend:
ETN tool expectations are in a most time long term trend, but it's not a must that it should take direct action, and the last happened.
Before predicting the next trend out of ETN depending on the market study, we should know where we are, we are at the new year trend with starting with a bearish trend on Bitcoin.
Data
Depending on data it shows it's only interesting to check BTC long from the 44400+ with the confirmation trend line before that price action it's not interesting to see BTC for a long trend depending on this data study.
News trends
Know that news trends made in most time also to panic the price action, when you hear there is news, and we are going to breakdown or to increase - this can be in reality the other side. whales playing games, and this could affect price action most time. you have teams that even count people emotionally trends, where users can sell and buy, and how they can affect in the best way for users to make a choice depending on market play. one of the reasons that most whales never buy or sell on full numbers.
Bitcoin cycle 2022
We are at the start of 2022, its important to see how the price action effect the first month of the year to take good actions for long-term trends.
Building a strategy that works in the long term, is one of the best ways to trade the markets, and your strategy should be based also on backtesting.
Have a great day
# This is not a trading market call, study always the trend well before entering any order, know that markets are very risky on any side. and trading long term without risk management will end in loss.
And if you like the content, support the channel by a like and follow - Thank you 😃
I hope you have a great day.
Since the last ETN update - the target hit on 42K trend, but what next?
See here before trend:
ETN tool expectations are in a most time long term trend, but it's not a must that it should take direct action, and the last happened.
Before predicting the next trend out of ETN depending on the market study, we should know where we are, we are at the new year trend with starting with a bearish trend on Bitcoin.
Data
Depending on data it shows it's only interesting to check BTC long from the 44400+ with the confirmation trend line before that price action it's not interesting to see BTC for a long trend depending on this data study.
News trends
Know that news trends made in most time also to panic the price action, when you hear there is news, and we are going to breakdown or to increase - this can be in reality the other side. whales playing games, and this could affect price action most time. you have teams that even count people emotionally trends, where users can sell and buy, and how they can affect in the best way for users to make a choice depending on market play. one of the reasons that most whales never buy or sell on full numbers.
Bitcoin cycle 2022
We are at the start of 2022, its important to see how the price action effect the first month of the year to take good actions for long-term trends.
Building a strategy that works in the long term, is one of the best ways to trade the markets, and your strategy should be based also on backtesting.
Have a great day
# This is not a trading market call, study always the trend well before entering any order, know that markets are very risky on any side. and trading long term without risk management will end in loss.
And if you like the content, support the channel by a like and follow - Thank you 😃
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.