@Memetocene just pointed out something very important on the chart that i completely overlooked - big thanks.
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we have confirmed a bearish death cross between the 55\200ema on the daily today.
here's a couple other times it happened ~
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so here's my take on this.
if you're taking longs - make sure you have a strategic exit plan. while the short term trend might be up, it could break at any given moment, and send bitcorn back into the depths.
personally, i'm a short term trader; most of my trades are scalps, and i'm almost always sitting in cash.
ps. i do think we're going to at the minimum backtest the 200ema on the daily before the next big leg down - and i have a very valid count that takes us up there via my recent updates- and videos.
---
we have confirmed a bearish death cross between the 55\200ema on the daily today.
here's a couple other times it happened ~
---
so here's my take on this.
if you're taking longs - make sure you have a strategic exit plan. while the short term trend might be up, it could break at any given moment, and send bitcorn back into the depths.
personally, i'm a short term trader; most of my trades are scalps, and i'm almost always sitting in cash.
ps. i do think we're going to at the minimum backtest the 200ema on the daily before the next big leg down - and i have a very valid count that takes us up there via my recent updates- and videos.
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the path 💸
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another alternative, in case market maker decide to just dump their bags this weekend ~