Did you enjoy the bloody season in crypto?
When the crypto market is bleeding what are you trading right now?
I really enjoyed the bloody season in crypto, although I'm still stuck on some tokens in crypto around $200. I see for now to trade in the short term in crypto is not very attractive to me, but that doesn't mean I don't buy a token when it dips, I buy some tokens to hold on for the long term. But yeah I will also still care about money management on the tokens that I bought. So for now I'm trading gold using a swing style, because I don't have much time to look at charts. And I use a supply and demand strategy.
So where will the gold price go?
If I look with my price action, there are 3 possibilities at the moment for gold. Monday I have bought gold and sold it at 1900 I have earned a few pips. So for now I'm looking for a signal for entry.
If the price can break the red zone I can make sure that 80% of gold will go to the price of 2000. And I will buy when I see the price break the red zone and I will take profit in 1980. But yeah I will also still care about money management and trading systems.
If the price breaks the green zone I will do sell, because 80% I can confirm the price will go to 1820. I will take profit at 1800, but I will also still care about money management and the trading system.
Maybe gold will do a sideway, to do an entry I will wait for one of the zones to break to do an entry.
Btw analysis is not something we can be sure will be 100% correct, we are just trying to estimate. That's why money management and trading systems are important. I will saw how the price of gold moves, and will post again when I see the movement.
