As of classical TA, a potential triangle indicating a further drop, could be forming. What it's says is basically that the previous drop is repeating.
What's interesting:
1) Key levels (around 6.2k - 5.8k)
2) NVT still indicating that #BTC has not bottomed out. (related strategy)
3) #BTC might even take a quick bull move to around 9.5k and not even break out of a bull flag.
Suggested strategies as follows:
- as you should do every month: buy. (long term)
- set your longs/shorts above/below the triangle but wait for a confirming signal. (short term)
- increasing long positions in the green rectangle.
My Short (related strategy) from around 10.3k is still active - I did reevaluate my SL.
What's interesting:
1) Key levels (around 6.2k - 5.8k)
2) NVT still indicating that #BTC has not bottomed out. (related strategy)
3) #BTC might even take a quick bull move to around 9.5k and not even break out of a bull flag.
Suggested strategies as follows:
- as you should do every month: buy. (long term)
- set your longs/shorts above/below the triangle but wait for a confirming signal. (short term)
- increasing long positions in the green rectangle.
My Short (related strategy) from around 10.3k is still active - I did reevaluate my SL.
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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.
Penerbitan berkaitan
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.