NOW is the Time to Be On ALERT; NOT Lazy or Indifferent!!!
The next couple of days will try traders souls (seat of our emotions, passions, desires). We must protect our soul (emotions, passions, desires) with a renewed spirit (our mind, thought processes, our intellect). Of course, we renew our mind with a proper knowledge to give us a keen awareness of what may or may not occur. Having proper indicators and the ability to use those indicators plays a very important part in protecting our soul (emotions, passions, desires). So, we must PLAN accordingly in the event certain things potentially occur.
I have no idea where each trader/analyst currently stands in their trades. I have no idea what amount of TIME each trader has to trade. Some are only Mid to Long Term traders who are in Bitcoin and other cryptos for INVESTMENT purposes and simply are hunting for a good time to get in. My recommendation for that type of trader is most certainly dollar cost averaging. Once you've decided what amount of capital you are willing to invest in a particular coin, you can divide that capital into 8 to 12 parts with a plan to accumulate coins within a price range because you believe the coin you are wanting to invest in has a lot of upward potential in the near and distant future. That trader needs to ask themselves what price range might that be for scattering my 8 to 12 parts of my capital for this mid to long term investment. It's my opinion that price range would be from $10,750 down to $7,900.
You may be saying, well that helps a lot... I thought you were a good analyst? Unfortunately, we are nearing a tipping point in which the Market Makers can move the market how they wish for margin short and liquidation purposes before resuming WHERE they intend to take us for the mid to long term. Tipping points; such as the current one; often come onto the scene and that's when we need to up our skills as a trader while still trusting in our skills as an analyst. My analysis for Mid to Long Term is still $14,611 to $16,xxx by mid to late June. However, it's POSSIBLE we could see a very brief moment of capitulation before we resume our upward pressure identified in the higher time frames (12-Day and higher TF's).
Don't forget to have those alarms in place and to BE ON THE READY to buy (accumulate) on a potential quick falling knife to the upper $7K's. I'll post a chart with a FIB Re-Trace in a few minutes.
I'm leaving this chart NEUTRAL for now to avoid misleading for the very short term. My Near, Mid and Long Term analysis still stands. My cause for ALERT is the very short term (next couple of days).
I have no idea where each trader/analyst currently stands in their trades. I have no idea what amount of TIME each trader has to trade. Some are only Mid to Long Term traders who are in Bitcoin and other cryptos for INVESTMENT purposes and simply are hunting for a good time to get in. My recommendation for that type of trader is most certainly dollar cost averaging. Once you've decided what amount of capital you are willing to invest in a particular coin, you can divide that capital into 8 to 12 parts with a plan to accumulate coins within a price range because you believe the coin you are wanting to invest in has a lot of upward potential in the near and distant future. That trader needs to ask themselves what price range might that be for scattering my 8 to 12 parts of my capital for this mid to long term investment. It's my opinion that price range would be from $10,750 down to $7,900.
You may be saying, well that helps a lot... I thought you were a good analyst? Unfortunately, we are nearing a tipping point in which the Market Makers can move the market how they wish for margin short and liquidation purposes before resuming WHERE they intend to take us for the mid to long term. Tipping points; such as the current one; often come onto the scene and that's when we need to up our skills as a trader while still trusting in our skills as an analyst. My analysis for Mid to Long Term is still $14,611 to $16,xxx by mid to late June. However, it's POSSIBLE we could see a very brief moment of capitulation before we resume our upward pressure identified in the higher time frames (12-Day and higher TF's).
Don't forget to have those alarms in place and to BE ON THE READY to buy (accumulate) on a potential quick falling knife to the upper $7K's. I'll post a chart with a FIB Re-Trace in a few minutes.
I'm leaving this chart NEUTRAL for now to avoid misleading for the very short term. My Near, Mid and Long Term analysis still stands. My cause for ALERT is the very short term (next couple of days).
Commento:
UPDATE:
Keep in mind: If that shakeout were to occur; this would simply move the date range of my target range to last week of June to first week of July more than likely. If this does NOT occur, the current date range and price range is still on.
Keep in mind: If that shakeout were to occur; this would simply move the date range of my target range to last week of June to first week of July more than likely. If this does NOT occur, the current date range and price range is still on.
Idee correlate
I'm about to do a video publication for this chart here: DO NOT PANIC... Hear me out in the next video! It's important to remain level headed.