5 Minute BTC Bitcoin Jan 19 Evening 6 PM Update - Range Bound, No clear direction yet
BTC Range Bound, No Clear Direction
BTC is range bound with higher lows, inching towards an ascending triangle, but like any pattern, they can be broken despite their more bullish tendacy.
Traders are looking for this critical apex point near $11,750 that can indicate a decisive up or down for the next few days.
Altcoins face the same sideways trend. Once BTC breaks the apex, altcoins may follow suit. Therefore it is imperative to also monitor BTC closely as we trade alts.
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
Please consider these videos:
Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Quick Intro to Analyzing Level 2
Lesson 11 Introduction to Laddering
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The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.
An ascending right triangle and you have no direction? Surely with your expertise you could have let your followers know that short term it would rise to $13962.00 as a minimum. As well as the fact that if it breaks $13754.00 it is a confirmation of a trend change. Basic TA, with out all the technical stuff.
there were a number of bearish indicators at the time of this post so I think he's done pretty well to just give the awareness of what's going on instead of giving you false hope and being lucky~
Neutral seems to be worse than down, I gotta get some fresh air X_X
good video, thanks for the update. come on BTC make up your mind
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