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Bitcoin has remained above the 20-day EMA ($26,394) since September 14, showing that the bulls have turned this level into support. The buyers are trying to consolidate their positions further by pushing the price above the 50-day SMA ($27,255).
The bears are expected to mount a strong challenge in the zone between the 50-day SMA and the resistance at $28,143. If the price declines sharply from this zone, it would suggest that the BTC/USDT pair could remain range-bound between $24,800 and $28,143 for a few more days.
On the other hand, if the bulls push the price above $28,143, it would pave the way for a rally to $30,000 USD and above it to $31,000.
Overall, time is running out for the bears. If they want to regain control, they will have to quickly pull the price back below the 20-day EMA.
#ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #HotTopicDiscussion# You purchase an account with the _no time limit_ feature and still blow it in two days. What exactly is the problem?
Most good prop firms are not doing anything special to make traders fail which means the problem is with the traders and not the firms.
I_m funded $245,000 on three firms as at the time of this tweet, all my friends except three that trade Forex are funded and withdraw a minimum of $1,000 per payout and here_s a short detail on how you too can do that.
- The majority of firms have a 4-5% daily drawdown and 8-10% overall drawdown.
- Risking 0.5% per trade, it_ll take you 10 trades to hit the daily drawdown.
- Risking 0.5% per trade, it_ll take you 20 trades to hit the overall drawdown.
- In 20 trades, if you can have 7 wins with a minimum of 5RR, you_ll pass that account phase easily.
- Why would you take 8 or 10 trades a day? If you don_t, you_ll never hit the daily drawdown.
- Since it_ll take 20 trades to lose your account phase one risking 0.5% and 40 trades to lose your account phase one risking 0.25%, focus on taking high quality setup and good RR.
- A 40% win rate or a little less will easily get you funded.
- Try this and send me your results, so long as you have an edge, it_ll undoubtedly work fine. Feel free to drop your questions too and repost to help other traders.
Gm.🍹