Probably should've published this when i first charted it to show how well this has been working.
Aw well, let us see how it plays out. I am bearish on BTC at the moment... Let us wait and see what tomorrows daily candle does.
Aw well, let us see how it plays out. I am bearish on BTC at the moment... Let us wait and see what tomorrows daily candle does.
Dagangan aktif:
BTC broke its support trend line and completed a retracement down to the 50 fib organically. The flash crash down to 61.8% i feel shouldn't be counted. This is also backed up by the current daily candle. An inverted hammer typically indicates a potential of a trend reversal. Tomorrows daily candle needs to be green and close above todays (as long as today's candle closes as it is).
I am still short and will re-visit tomorrow. If we continue this downtrend, 10.9k - 11k are our next support zones. I have buy/long zones approx 10k and less (depicted by the blue and green zones). Indicators still bearish. We will see what tomorrow holds.
I am still short and will re-visit tomorrow. If we continue this downtrend, 10.9k - 11k are our next support zones. I have buy/long zones approx 10k and less (depicted by the blue and green zones). Indicators still bearish. We will see what tomorrow holds.
Dagangan aktif:
I am still short.
Indicators still bearish, yesterdays candle turned out nice and green however, todays is redder and thicker.
KST is an amazing indicator to use. It is clear that there is not enough buying power. AT the time of this comment, the daily candle has bounced off the 50EMA indicating support area. There is approx. 9 hours left until this daily candle closes. I will revisit then.
Indicators still bearish, yesterdays candle turned out nice and green however, todays is redder and thicker.
KST is an amazing indicator to use. It is clear that there is not enough buying power. AT the time of this comment, the daily candle has bounced off the 50EMA indicating support area. There is approx. 9 hours left until this daily candle closes. I will revisit then.
Dagangan ditutup: sasaran tercapai:
I closed my short at 12800.
I currently have no position opened. BTC is starting to look bullish, the KST looks like it is about to flatten out. Fisher also bounced 2 days ago.
After seeing peter thiel purchasing millions worth of bitcoin, we may start seeing buyer confidence returning to the BTC market.
As of now, I have no positions opened. I will be selling alts back into BTC for the ride.
I currently have no position opened. BTC is starting to look bullish, the KST looks like it is about to flatten out. Fisher also bounced 2 days ago.
After seeing peter thiel purchasing millions worth of bitcoin, we may start seeing buyer confidence returning to the BTC market.
As of now, I have no positions opened. I will be selling alts back into BTC for the ride.