On smaller timeframes we have a bearish descending triangle and what is possibly the start of a daily downtrend. If we cant break this upper trend line we come down to 55K.
I would prefer the correction, but TA at these timeframes can be contradicted easily.
I made a big mistake yesterday in letting myself get pulled in different directions and not paying attention to what the TA was telling me.
I spend most of this vlog today going over where a decent reentry was yesterday for BTC that I was refusing to see.
--TimeStamps--
0:00 = Welcome to country
1:00 = FIB retrace, where can we fall today?
2:40 = Bearish descending triangle
3:45 = drop to 54k?
7:20 = My mistake yesterday
10:40 = Respect the TA, respect what the chart is showing you
12:40 = Backtesting where we could have entered yesterday
19:00 = Closing thoughts
I would prefer the correction, but TA at these timeframes can be contradicted easily.
I made a big mistake yesterday in letting myself get pulled in different directions and not paying attention to what the TA was telling me.
I spend most of this vlog today going over where a decent reentry was yesterday for BTC that I was refusing to see.
--TimeStamps--
0:00 = Welcome to country
1:00 = FIB retrace, where can we fall today?
2:40 = Bearish descending triangle
3:45 = drop to 54k?
7:20 = My mistake yesterday
10:40 = Respect the TA, respect what the chart is showing you
12:40 = Backtesting where we could have entered yesterday
19:00 = Closing thoughts
