A very quick and simple update (done on limited analysis).
Bitcoin has been Trending Down in price, since my Short/Entry @ Top, 🔽 ⚠️ however, it does look like BTC could see some recovery soon, today. 🔼
I wouldn't consider Bitcoin out of the woods yet, until further price data is available, but it does look like a recovery bounce is due today.
(Opinion could be useful consideration for those who take Short-Term/Scalp trades.)
April 21st Update:
Good thing I Cancelled that quick Scalp Buy attempt early, yesterday (19 hrs ago). 🙂 Avoiding any losses. 🛡
For those confused: Yes, I continue to keep my initial Shorts/Sells from BTC $30974, open, since I wasn't convinced that this current down-trend is over.
I can scalp-trade on other BTC/USD pairs, to attempt making quick intra-day profits (while trying to share some optimism).
Still looking for some slowdown of this Drop, to Buy for at least a short-term bounce today.
@TryingtoLava thanks very much! Nice to hear that. :)
I will try to do a better job at posting on here more often (at least once per week, for now), and also explain my analysis in more detail, teaching others how they can improve their trading results.
@TryingtoLava it is possible, but I'll have to look more into this Crypto first (its history, the company behind it), before confidently making analysis predictions for it. Certain crypto can have outside factors that influences it's price movement.
Looks like it's doing quite well, by the way! #9 on CoinMarketCap. Nice. 👍
I did actually stop analyzing various Altcoins some time ago, keeping my focus on fewer markets (mostly just Bitcoin) improves my performance and analysis accuracy.
