If anybody was up watching the daily candle close, you could have witnessed the following:
1) BTC closed the daily candle above the 7D SMA. And BTC closed with the RSI above 60. (both are signs of strength)
2) BTC broke out of the RSI resistance violently upward in the first minutes of the day. Breaking RSI resistance gives a bullish indication.
3) In less than an hour, BTC turned back and broke down the resistance it broke (served as support) and long with the triangle bottom support.
It was either a battle between the bulls and bears, or just a makret manipulation to mislead retailers which way BTC is heading.
It was the safest thing for me to off load my swinging bag and sit the market out. And here we are waking up on a blooded market.
1) BTC closed the daily candle above the 7D SMA. And BTC closed with the RSI above 60. (both are signs of strength)
2) BTC broke out of the RSI resistance violently upward in the first minutes of the day. Breaking RSI resistance gives a bullish indication.
3) In less than an hour, BTC turned back and broke down the resistance it broke (served as support) and long with the triangle bottom support.
It was either a battle between the bulls and bears, or just a makret manipulation to mislead retailers which way BTC is heading.
It was the safest thing for me to off load my swinging bag and sit the market out. And here we are waking up on a blooded market.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.