BTCUSD is not done YES huge speculation after any ATH. However this one was out of the blue. It’s likely a fake pump before the real deal. Why do I say this. It’s based on my strategy following the 200D MA, Fibonacci retrace 3 MA and some AI signals on TradingView all free and some very powerful. Buy sell indicators that can be set up even tighter or further apart for set trading times you wish to make Buys and then Sell be 5-30 minute trades or half day trades to multi day trades just find the gap to buy sell that’s at a big or small enough space to make entry and then sell and repeat. If you want to trade.
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BTCUSD isn’t going bearish and I even challenge the idea that it will for another two months maybe even into new year before the true start of the next Bear cycle begins. Please go look at a 200D MA like on blockchain charts section.
BTC is just getting up to the half way mark of this bull cycle. THATS THE ISSUE. There is so much more retail to get involved next year and even this year things will only get faster with tech and crypto due to AI. So if you want to Buy and Sell crypto
BTC or other and make gains from profits rather than CGains for holders who sell it after a Year get a tax cut on the CGTax. Just know you will pay a lot of taxes if you make many small trades. I’d advise not trade often if live just trade one pair to start and follow it and be smart set stop loss and TP and don’t move them ONLY move the SL above what you’ve payed for it to close before it drops. EG. Buy at $100k SL $99k TP $101k.
Market changes and next hour it’s at $100,600. You don’t want to loose what your up right. So move the SL to $100,450 or something even $100,250. If it goes down and doesn’t move tot eh TP mark. Also newb issue Is moving TP up when it’s right about to hit it. ONLY EVER DO THAT IF YOU HAVE CONFIRMED YOU WILL OR THE MARKET WILLL BE LIKELY TO RISE FURTHER AND ITS BENEFICIAL TO KEEP THAT OPEN THAN SELL AND RE OPEN AT A NEW LOW.
