Over the pass one year i have been struggling on how to get back my confidence trading futures as i lost quick alot over the pass few years ..so this year i choosed to unlearn, relearn and restart, one of the means i went about was watching various strategies on trading patterns on youtube to give me an edge over the market which has been very ruthless to traders especially armatures like my self who thinks they got the skill during the bull market only to find out the hard way that they have been lucky.
I have been beaten hands down because i have trading with complex markets especially in cryptos trade, most of us the retailers trade in thesame pattern but institutions trades way different,reason retailers always hit SL more.
This has changed since ai got into the picture In addition to this,Ai has made things easier ,just that you will pay for it to use with either funds via fees or by spending your time asking the right prompt to the ai programme.
Crypto banter has been of help to me in this my journey as they not only teaches one how to trade cryptocurrency they also give free signal on their daily shows teaching traders how to set up their trade and position themself mentally to win in this markets, on the videos above traders are been taught how to use the open intrest in spotting alt coins that will soon rally base on algorithms geneated by bard chat bot by google .
Trading BTCUSDT on Binance
The announcement 📢 by Blackrock a few weeks ago has made lots of traders to front run the weekly support at around 24k and has rallied straight into the resistance at 31.5k .
The Blackrock ETF narrative has really played it's part with traditional market players coming into crytpo market and the sentiment turned the market bullish for many as the fear Gripping the market has been nautralised by this news.
Technically I'm taking this as a range ( range levels marked ) since the price has breached inside a previous range from MAY-JUNE 2022 again.
There is a bullish divergence visible in the RSI at 3-day timeframe and we have some correction from the range top, i.e 30.7k to where the price is at right now.
Breaking out of this resistance and the bullish divergence will clear the way for 35k Monthly level to be tested next.
I'll be hopeful for the bullish scenario till the range low at $28.6k is held at this timeframe if this correction leads the price there although I don't think that should be tested after such a move but still..
Losing that again will make the bullish hopes fade away as there will be major sell off and liquidation thats why one needs tool aways use stop loss.
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