Why we shouldn't day trade Bitcoin here
This is a method for avoiding choppy markets where both sides get stopped out and lose money. When the trend is unclear it’s better to step back and wait for a clear trend to form. On the right, you can see the characteristics of a clear trend, and comparing with the left you can see current market structure shows indications of both types of trends. We currently set a higher high on the 4H time frame which indicates a possible change in the trend. If we set a higher low followed by a higher high the trend is clear. Until then it’s difficult to evaluate proper risk when the trend is still shifting on the LTF . Especially considering how chaotic current world affairs are with Russia invading Ukraine there’s room for a lot of choppy moves ahead. The biggest disservice to yourself is losing purely because of impatience.

