Long time no see! As you can see we almost hit our 100 daily ema. I noticed some similarities from 2017, rsi looks oversold, tapping the 25 perfectly. We have also dipped into the "buy zone" on the daily Crypto_VN WaveTrend indicator. As long as we get the reversal on the daily I expect to see a bounce from 9.2 - 9.8 k , perhaps sky is the limit, but as always there is still potential for more downside, especially when viewing the weekly chart. Trade with caution , use your stops. If you find this useful please give a thumbs up! :) If this post receives at least 10 likes I will update with my next btc trade.
Disclaimer: I am not a financial advisor and this is not financial advice.
Disclaimer: I am not a financial advisor and this is not financial advice.
Trade active
Also I would like to point out, last time we were this low on the daily Crypto_VN was November 2018 in the 4000 range. This time the moving averages are above (as they were in July 2017) , giving more chance of a big upward move! Trade active
Looking good for a long to 8300, stop 7900. Will re-evaluate (if and) when we make it thereTrade active
Closed leveraged long here under 8050 for 3% profit on 10x leverage. Still long on my HODL coins, lets see what happensNote
sorry bad math, last trade was 5.75% profit , accidentally calculated portfolio size rather than trade size :pTrade active
Looks like I called it nearly perfect yesterday, although I exited early to secure profits and minimize risks. My target posted was 8300, we hit 8282, so had to come pat myself on the back , lol. This my scenario for a bullish BTC playing out so I'm still long on my HODL. I know we are below the 200 ma on the daily but I still smell a fakeout. Just a gut feeling. A break below 8k will invalidate my bullish theory.Trade active
Entry 8150 - 8050I'm not leveraging this but this looks good for a low risk trade
1% stop loss for 11:1 R/R
Trade active
Target 1 hit, almost target 2 - 8480Trade active
Note
Daily reversal still playing out until it's not :)Trade closed manually
Closing this trade. Opening short at 8150 for half my BTC value. Looks like momentum is shifting downward. Still bullish on BTC overall and not ditching my hodl coins at this price. Just hedging against loss of BTC value. Might just be a quick swing, who knows. Until next time!Again this is not financial advice. Trade at you own risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.