BTC are you confident yet bulls?
Updated
G'Day Mate,
How are we all feeling this fine Monday morning, since my last post about taking a step back and taking a breath the charts have only become more bullish, after the 20ema crossed over the 50ema, we have had a nice long run, coinciding with a breakout of a falling wedge on the hourly. We are so close to pushing out of the massive wedge on the daily also, with the close coming up at 12:00utc in less than 2 hours, will we see a pump, I wonder how many are waiting in the wings to see how this plays out, cash in hand, ready to buy?
Either way, a decent breakout of the daily wedge will see a good opportunity to long I have been long since crossover and will be watching carefully and not closing until a clear sign of reversal. Expect corrections and keep your stops below the last daily close.
I will try to keep things updated.
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
How are we all feeling this fine Monday morning, since my last post about taking a step back and taking a breath the charts have only become more bullish, after the 20ema crossed over the 50ema, we have had a nice long run, coinciding with a breakout of a falling wedge on the hourly. We are so close to pushing out of the massive wedge on the daily also, with the close coming up at 12:00utc in less than 2 hours, will we see a pump, I wonder how many are waiting in the wings to see how this plays out, cash in hand, ready to buy?
Either way, a decent breakout of the daily wedge will see a good opportunity to long I have been long since crossover and will be watching carefully and not closing until a clear sign of reversal. Expect corrections and keep your stops below the last daily close.
I will try to keep things updated.
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
Note
ADX DI is about to cross over to positive on the 4hr, we are slowly moving to an uptrend, long way to go. Note
Well didn't we crash hard, I got out pretty quick but suffered some loss in the long profit but was able to quickly change direction and made some back in the short, I didnt short to the bottom, sadly I got out at the end of the first long candle and it has been a no trade zone for me since.
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