Four days ago I shared a technical analysis of Bitcoin. I emphasized that the correction would take about three days. But if we look at the Chart now, that correction is still very much in progress. What to do?
I personally have my own style of this crypto trading. What I want to share with you here. Day trading, as well as swing trading, is my favorite. Looking for a good time to get into position. I usually do not enter my position when the markets go through a range, because it is a bit difficult to determine the point of profit at that time, even if it is a small profit. I tried on January 16th, 2021, but that position failed. So I decided to make a decision to respect the symmetrical triangle. Only when this symmetrical triangle is completed that I will again decide whether to buy or sell. I really respect that first. Bitcoin's actual price is 35000 after rising from 30000 to the resistance level of 40000 which pushed it down to 33800 and bounced back up after touching the support level. In my personal point of view, Bitcoin is still holding the Bull run When there has been a huge drop from 41800 to even 30000.
What to do? I am waiting and HODL until it finishes this correction.
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