Thread by @InspoCrypto

#Market_Update

Folks be careful today.

1. #DXY crossed the resistance at 93 as predicted last week. 93.3 is our next little milestone before 94. If we cross 94 we will see a bloodbath. So, always check that.

2. Fake Rally. It can happen that whales start a bull trap.

At the moment I'm staying away. Will try to jump in when it reaches it's peak to short all-in again. They will buy a lot of #BTC to dump it afterwards again.

3. Situations can flip immediately because of negative headlines. Janet Yellen did it once and will do it again.

Who remembers here tweet that initiated a long liquidation of almost $9B. You remember? That wasn't coicidence, but part of Wyckoffs distribution phase. I think she will be more active in the next coming days/weeks.

Rules to trade safe:
Don't let you guide by fear
Use StopLoss

Be patient. Don't rush from one trade to another
Check the market everytime you are going to trade

Check every support and resistance before you jump in. Orientation is vital!

Set buy or sell limits, don't adapt those only because the market situation changed. If so, cancel

your plan and check the market again. Make a new plan and realize it.

That's how I trade in such market phases. Have fun and be successful! Money comes and goes, success stays! 🤝🙏