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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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.