What’s good guys? I hope everyone is rested and well…I am hoping in tonights live that no one will say they got rekt…I wanna hear people saying they were chilling relaxing with the family..- chart gazing…You get the idea…
I have attached a projection on Bitcoin…Notice how nothing much has happened…Why? Because they are holding the zone….tonight they will set the range for the psy high and psy low…You will notice this sort of behaviour at the weekends…Which is why i discourage anytone to trade them because if the market makers aint looking to start a mark up or mark down phase, why should we get involved with their trickery like behavior?
Bitcoin appears to be holding the zone..we know this to be accumulation by the market maker…It is in this zone that people get rekt because they think they can second guess the market makers behaviour…There are those however who can exploit these ranges with the intention of price rising and they start building positions. e.g. Grid trading.
We know the moving averages are very extended…We know that price has not gone lower, we know that there are multiple candles that are showing market makers prescene….We know that we must wait for them to reveal their hand.
NOTE:
The weekends are designed for you to reflect…
Watch previous streams…
Explore the projection channel, look at how price played out…
Then when the market gets into full swing…you will be charged and ready to take whatever is given…
I can appreciate, some may not have the luxary of trading during the week, which is why the weekend tends to be the time that people commit most time to trading…But please, if you do, keep your exposure light..
The idea of becoming proficient in any endevour is to excel at the execution of that which you desire to become good at…Limit your chances of being emotionally attached to the idea of “having to make money”…The money is and always will be the end product of trading…If you focus on the execution and master your entries, you will start to see the benefit of this exercise and in time, trading will get boring because you see the same pattern over and over again and you will crush it each time.
For those who were in last nights gaming stream….I apologise for the lack of filter with the swear words…but man, I hate aim bots….
See you in tonights stream guys.
Trade Well My Friends
Tino
