#TradeNTell
Have a great Saturday!
There is no work in the United States on weekends, so the market may seem boring. Bitcoin is likely to trade within a tight range.
Altcoins are getting a breather.
Although the negative premium of Grayscale has narrowed to close to 0, the selling pressure still exists because of other profit makers, especially miners. It will test below 40,000 in the future. Therefore, you can consider going short or reducing your position during the highs in the past few days.
When we try to fall below 40,000 again next week, it will be time for the differences to be resolved. I predict it will fall below.
Yesterday, the METIS buy signal never came because it was a V-reverse after falling without divergence. I missed this kind of trading opportunity because, on the one hand, I am not proficient in the theory, and on the other hand, I have the consciousness that I would rather miss it than be trapped in the falling market. Avoid bargain hunting on the mountainside, where both advantages and disadvantages appear.
Opportunities are everywhere, stay patient and take action on time.