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There is a very common mistake in trading that people make, and it’s not just made by beginners, even those with one or two years of experience, or more, do it. What is this mistake? It’s the assumption that the market must behave in a certain way. For example, people might say, “The market didn’t grab liquidity, so it shouldn’t go up, or “It didn’t test this zone, so it shouldn’t go down.” The truth is, the market can do whatever it wants. You can’t impose your analysis onto the market, because you’re not controlling it; you’re adapting to it. So, avoid forcing your bias whether bullish or bearish onto the market. Make decisions based on the actual information and data you see on the chart.
If the market didn’t grab liquidity or didn’t test a certain zone, that’s fine. You can have expectations and predictions, but they should remain flexible. As soon as the market provides new information such as a structural change on the chart adjust your bias accordingly and base your decisions on that new data.
This mistake is common among everyone novices and experienced traders alike. It’s important not to impose your analysis on the market. Instead, let the market’s information guide you. It doesn’t matter if the market didn’t do exactly what you expected just go with the flow and keep learning.
We should see continuation higher as soon as BTC can. price shouldn't really spend a lot of time around the breakout area. That's the kind of breakouts i like to see.
When price broke $90k we expected continuation higher as long as $90k holds Its basically the same setup, now that $BTC is above $94k-95k highs we are expecting more upside as long as the break holds.
Use this chart and post for your education purposes.
CRYPTO MECHANIC
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Bitcoin daily closed above $94k-95k after 53 days of range.
This is where things get clearer. Assuming this is a breakout, we remain bullish and can expect a move toward $102k–$106k, as long as the price doesn’t close back inside the breakout.
Bitcoin daily closed above $94k-95k after 53 days of range.
This is where things get clearer. Assuming this is a breakout, we remain bullish and can expect a move toward $102k–$106k, as long as the price doesn’t close back inside the breakout.
BTC update Not really a bad weekly close, bitcoin managed to close above $90k. I think this is enough ranging, with stocks and commodities going up. I think BTC should move up this week. Probably get us above $94k.
$90k will be a key to watch, if price drops below it and fails to reclaim. We will likely see it head back to range lows.
If we look at the high timeframes, There is basically no trade setup on these majors. If you're losing money in between and have no idea what's going on, Zoom out, you will find that everything is trading within a range.
You don't have to flip flop your bias in between. can wait for the market to give you a close in either direction and take your trade. That's what i normally do when things are hard to trade.