BTC: Now is (finally) time to buy the dip
1. On the hourly BTC is showing a small backtest of a RLCO-based breakout earlier today which provides an excellent dip buying opportunity at 35k flat. Stop loss would trigger upon a cross back to the downside (mid 3450s right now).
2. The 30-day Bollinger bands are trending narrower which suggests some sort of regression to the mean rather than further volatility.
3. The CMF is not showing clear bearish divergence on this micro rally.
2. The 30-day Bollinger bands are trending narrower which suggests some sort of regression to the mean rather than further volatility.
3. The CMF is not showing clear bearish divergence on this micro rally.
Nota
1/2 Trade closed at 37900 upon rejection of the outer 2.6 STDV Bollinger band. BTW I'm trading the leveraged CME futures, so I can't really just hodl. Have to book at least some profits. SL at the bottom of the middle Bollinger band is now about 3% above breakeven. We got +9% on this trade. Waiting for further direction from the market.
Nota
I may or may not be here to update this, but I have this thing programmed to close and re-enter as a short upon approaching 5 ticks from the upper 2.6 STDV bollinger band. Alternatively, we have stops at 37k and a buy order at 28,100.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.