Hello !
Let’s take a look at the market overview and review our trading position!
* Time frame Month:
The 4th opening histogram is a red candle, usually the 5th month the market will have strong fluctuations in #Bitcoin price (bad volatility )
Plans:
If #bitcoin corrects, the strong support price zones #bitcoin can buy to eat the pullback wave.
1. 34800~36600$
2. 25000~27000$
3. 15500~17000$
4. 9500~12000$
* Time frame Daily:
The EMA price averages are converging and the price line is cutting down (bad signal); #bitcoin price line is below the averages
=> The chart data shows that, at the beginning of May 2022 #bitcoin will have very strong fluctuations
* Trading plan in the next stages:
– Do not hold #altcoin long term; should not margin/future;
– For spot trading, it is recommended to set a stop loss for each trade order.