New High but not looking all that good
Updated
It did make a higher high at 7000 yesterday, after the 6700 2 days ago. It even made a new high a few hours ago, but it's not al that convincing yet.
Volume is not showing real strength and there is some divergence. However i don't like using indicators, especially with crypto's. These last hourly candles also don't look all that positive. I am staying flat for now, because i want some clearer signals. The 7350 is an important level now, if this candle or the next closes below the 7350, i will probably go short, but i do want to see a signal on a smaller time frame also.
If it bounces off the 7350 and gets above the 7500, than i will probably go long.
Earlier today i lost some points when i was short and it hit my stop at 7350. It should have stayed under that level for the short term downtrend to stay intact. I am flat since that loss to get a more objective few later on.
Good luck
Volume is not showing real strength and there is some divergence. However i don't like using indicators, especially with crypto's. These last hourly candles also don't look all that positive. I am staying flat for now, because i want some clearer signals. The 7350 is an important level now, if this candle or the next closes below the 7350, i will probably go short, but i do want to see a signal on a smaller time frame also.
If it bounces off the 7350 and gets above the 7500, than i will probably go long.
Earlier today i lost some points when i was short and it hit my stop at 7350. It should have stayed under that level for the short term downtrend to stay intact. I am flat since that loss to get a more objective few later on.
Good luck
Note
Big chance it will go higher, the 3750 seems like a good support, but there is no real bounce off it. Wait and seeNote
Still some buying power around 7350. Still waiting for some confirmationNote
Iam short now, stop at 7450Note
If it goes below 7300 i will lower my stop to my entry level at for a free trade. To risky all of this.My guess is that it will drop to around 7100/7150, from that level i will probably go long. I just think it will stay within a range of 6800/7000 and 7500/7700, fooling everybody :)
Note
I have added short just now as it pulls back to the 7350. I will put a short stop on everything at 7400. it should not get above the former supportNote
Moment of truth right now, i think an acceleration will come any moment now, but it can go both ways now
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