Name: Bitcoin Technical Analysis $BTC Price Predictions
Uploaded: 2022-06-13T10:29:13+00:00
Duration: 1 min 58 s
Description: Is Bitcoin a good time to go short? We are looking at Bitcoin using Fibonacci Analysis for a swing trade. Bitcoin stock has been trading to the downside with a series of lower highs and lower lows. In

1 year ago

Is Bitcoin a good time to go short? We are looking at Bitcoin using Fibonacci Analysis for a swing trade.

Bitcoin stock has been trading to the downside with a series of lower highs and lower lows.

In today's video, we will review the pocket of resistance that we outlined back on June 8th.

You can review the video here:
https://www.youtube.com/watch?v=JmHnNxWtImA

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Timestamp
0:00 Intro
0:15 Setting up Symmetry Support
0:29 Setting up Fibonacci Retracements
0:34 Plan the Moves Ahead
0:54 Sign Up for the FREE Fibonacci Zone Newsletter
1:13 Have You Subscribed to Our Channel? Sub Now!

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This is the Centered Trading Channel.

I am a student of Fibonacci Analysis and the 3 Price Relationship as taught by Carolyn Boroden (Fibonacci Queen).

Centered Trading has a few key components in our approach.

- Composure
- Clarity
- Commitment

Trading with Composure means that I must first prepare my mind before I turn on the computer. This looks like meditation, positive affirmations, stretching, exercise, proper nutrition, breathing exercises, & listening to calming music. I must have a deep understanding that all feelings of certainty is an illusion. I must look at the markets with a probability mindset. Trading with composure is to be able to have the mindfulness to examine my current emotional states (fear, anger, revenge, shame, euphoria - all these emotions can override and take me off course). I look at the markets with a sense of wonder and curiosity.

Trading with Clarity means that I must have a trading methodology in place. The methodology must be clear, concise, and followed. I must be clear about the position sizing as I'm not trying to force myself into profits or make the markets to move in a certain way. All desires/feelings of control is an illusion.

Trading with Commitment means that I must follow through on my trading plan. I either take a small loss with the trade, ratchet up the stops as the trade goes into my favor, or take profits at appointed profit extensions.

Peter Borish - “Price Before Headlines. Discipline Before Vision. Price Before Sentiment.”

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Disclaimer: The information on this YouTube Channel and the resources available are for educational and informational purposes only.

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past Performance is not indicative of future results.

#Bitcoin #BTC #TechnicalAnalysis #Shorting

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