I am watching this hourly Tenkan-sen (Conversion Line in orange) if we bounce off of here properly I will be opening a short term leverage long with a take profit at the Kijun-sen (Base Line in pink). Momentum indicators and volume show me the inputs I need to see for a short term bounce.
BTCUSD
If we do not hold then I will use the downward break of the Tenkan-sen as my confirmation for a short down to hidden support at around 12,500 (depending on the exchange)
This is a small time frame trade that I wait for confirmation on so if you are new to day trading I suggest you look away now. :wink: Otherwise I am waiting on confirmation from volume to open a long term money crushing long on our road to 32k. We are not quite there yet, we need a bit more accumulating and sideways action.
BTCUSD
If we do not hold then I will use the downward break of the Tenkan-sen as my confirmation for a short down to hidden support at around 12,500 (depending on the exchange)
This is a small time frame trade that I wait for confirmation on so if you are new to day trading I suggest you look away now. :wink: Otherwise I am waiting on confirmation from volume to open a long term money crushing long on our road to 32k. We are not quite there yet, we need a bit more accumulating and sideways action.
All posts are for educational purposes and are simply my views of markets conditions.
Please do your own research and use my content to educate yourself.
Please do your own research and use my content to educate yourself.
