1 min

Bitcoin – time of uncertainty!

The price hit my stop loss last time but I opened the new long trade at $37600 according to another one bullish divergence with MACD on the 4h.

Hello, everyone!

The price hit my stop loss last time but I opened the new long trade at $37600 according to another one bullish divergence with MACD on the 4h. To be honest the market now is too unpredictable. For example, you know that I opened long trade at the $36300 in the end of January 2022 and close it exactly at the top ($44500) there was the logically wright price movement, but now I opened long for the second time and I think it can unprofitable again!

Why it is happening last week? I think you know the answer – the geopolitical FUD. According to this the price broke down the Fib 0.618 and I supposed that 30k is next, but the strongest bullish signal was given and the price broke through 0.618 Fib to the upside again. Now the price is below this level again! WTF? Only the proper money management save my profits which I earned early this month. Today I don’t want to see the daily candle close below $37800 for the uptrend continuation.

Good luck!

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Skyrexio has integrated with Bybit to help users automate trading and simplify strategy execution across exchanges. Bybit users now have access to Alert […]

In this article you will learn how to combine Awesome Oscillator and Acceleration/Deceleration indicator in conjunction to have the trading zone for aggressive decisions.
Hello! Our COO Dmitry Efremov visited Token 2049 in Singapore! Here is the overview of key events there!
In this article you will learn how to use Acceleration / Deceleration indicator in your trading.
In this article you will learn how to use Awesome Oscillator in your trading routine.
Crypto market is crashing! People are panicking, is it good decision to sell now or Bitcoin will continue Bull run?