BITCOIN OVERSIGHT AND CORRECTIONS FOR EDUCATIONAL PURPOSE ONLY
(1)DEMAND FLOOR AT 109,060.77 was a retest to the neckline of double bottom a bullish price action signal on daily candle close as illustrated from our line chart and it came with another confluence from an ascending trendline to add more impetus to the buy rally and many missed and lost money too.
(2) SUPPLY ROOF 117,383.70 a previous demand floor on daily after break of structure it became supply roof and stopped upswing twice ,but due to buy rally that key level is broken after 2 retested attempt ,on technical a broken supply roof is now our demand floor except the sell order exceed buy order that zone 117,383.70 holds support on daily candle close .
(3) 123,387-124,478.66-125k daily supply roof and our current all time high .
this zone has an ascending trendline connecting the two highs and on technical the next high should be 127,071-128k for sell in the direction of the previous two all time highs(123,387-124,478.66)
my ideal zone to attempt sell should be 127,071-128k zone
note ;you can avoid selling and wait for buy zone 117,383.70 and its possible tat price wont return to this level.
trading is 100% a game of probability.(win/loss) comes with it.
No holy gril,nothing like best strategy.
what we have is masters in RISK MANAGEMENT,THE BEST TRADERS ARE EXPERTS IN RISK MANAGEMENT,THEY ALL HAVE ZERO EMOTION,THEY DONT CHASE WHAT IS LOST.
GOODLUCK
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