source avatarOwais

Share

bitcoin:native August Monthly Closing Thoughts (Trade) So, I’m not gonna sit around and say it looks horrible. Yes, the structure is still bearish, but there are early signs of a bottom as well. Liquidity sweeps of the bottoms are too clean, and the inverse FVG is a clear sign of strength. I would like to build spot positions once we enter the iFVG + OTE zone. The invalidation will obviously be the range lows. It’s a calculated and risk assessed position, and the RR is def worth it from here. Even if we get stopped out, it won’t matter because the RR is worth taking the risk. We retrace down for the rest of Q3 and maybe chop through Q4 before pumping. Or if we’re lucky, we might even see the pump in Q4 itself. That’s the plan. I hope we get the entry and smash it.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.