Must an Inch be a Mile
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Recap: The previous analysis’ Decision 1 (a Green Target 1 from way back) was missed by $10, followed with a fall to Decision 2 causing an anticipated reaching of Red 1. Money Man thinks this is a good time to ask the question; should a trade be left for the sake of a target once price starts stalling just below it? Should you concentrate your risk of a revisit of a support once the resistance is only 0.4% higher? Does a miss by an inch have to be a miss by a mile? That is something that a trader needs to factor into his/her trading, ie pump your calculator, but one thing is for sure; before this happens, you need to make up your mind and make peace with the results before they appear.
We are now in a clear decision area at a time when price action should not be significant, but we are here and what will happen is not guaranteed. Money Man placed his Decision Areas with this in mind too. Green and Red Targets 1 are supposed to be the strongest for now.
Conclusion: Price has a lot of work ahead of itself to prove positivity as it laid down resistances on its way down. Money Man has thus elected to place the levels on these confluences. Things being so out of tune necessitates an eye on what BTC is doing. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
We are now in a clear decision area at a time when price action should not be significant, but we are here and what will happen is not guaranteed. Money Man placed his Decision Areas with this in mind too. Green and Red Targets 1 are supposed to be the strongest for now.
Conclusion: Price has a lot of work ahead of itself to prove positivity as it laid down resistances on its way down. Money Man has thus elected to place the levels on these confluences. Things being so out of tune necessitates an eye on what BTC is doing. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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