HOWEVER! You cannot follow these so much in a market bubble like this and when there are clear patterns that are obviously replicating. Good news is the has gone down dramatically believe it or not. Compare the beginning of the crash all the way to the present. Why is this good news? Alt coins and investments are a lot more stable and you wont lose as much money as before.. not the best good news, but were working on it.
Now this post is about the W that I notice goes along with the 1,2,3 patterns in between.. We are at the end of our present W, so most definitely expect a pull back down BTC .. I see a lot of fear happening during this time when BTC hits the 5500 mark. I've changed my risky buy area to regular buy area because the past explains it all.
" People never learn", "History always repeats", "buy when you hate it, sell when you love it".
Personally my orders are set between $5000 - $4000
"May The Trends Be With You"
When people In their post say.... " We need to stay above this line if we are going to be safe" .... yaaaaaa no drop them.... unless you are actually creating stop-losses which most traders here are not, but even so... just no please save your time and money this market right now short wise is so unpredictable you mine as well just give your money to charity.
It really doesn't help, and brings emotions, uncertainty, FOMO, and you will lose money. The point is to figure out with logic and previous data combined with the present data.
Swing trade longer big dips.
May The Trends Be With You!