End of an older trend
Updated
At this point an older (in crypto time - started around Nov 19th) and very strong uptrend was closed (signal to SELL). See level 2 in the chart.
It may end up as a retrace in the (even) older trend since the overbought momentum is very strong still, but I decided not to risk.
I've sold my position and switched to XRP. Lets wait for BTC to build up again and signal a BUY on level 2.
Best of luck.
It may end up as a retrace in the (even) older trend since the overbought momentum is very strong still, but I decided not to risk.
I've sold my position and switched to XRP. Lets wait for BTC to build up again and signal a BUY on level 2.
Best of luck.
Note
The strong downward trend that started yesterday @ 13:00 at level 0 has finished, but I'll only be relief if I see the end of the downtrend on level 1. It may be close.I'll keep you posted.
Trade closed manually
Finally the downtrend in level 1 is finished. I'll end this BEAR trade and post a new idea when it's time to buy again.
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