Today many indicators were registered:
1. EMAs crossing (50 & 200) - Death Cross indicating downtrend when candles intersect at the same point.
2. TD9 on an uptrend followed by 4 candles resulting in reversal downward
3. Beginning of weekend: the usual dump and forget
The results of these 3 factors will drive price down to the previous bottom @ 7752, being the first and last support before bouncing up by next Monday.
Also, next week we have 3 main resistance lines @ 8440, 9402, and 10.2K from previous candles.
Trading Plan
Weekend:
1. buy @ 7777
Then next week:
1. sell @ 8340
2. buy @ 8012
3. sell @ 9400
4. buy @ 8700
5. sell @ 10K (50%) then hodl rest
Just don't take my word for it: do your own analysis.
Cheers!
1. EMAs crossing (50 & 200) - Death Cross indicating downtrend when candles intersect at the same point.
2. TD9 on an uptrend followed by 4 candles resulting in reversal downward
3. Beginning of weekend: the usual dump and forget
The results of these 3 factors will drive price down to the previous bottom @ 7752, being the first and last support before bouncing up by next Monday.
Also, next week we have 3 main resistance lines @ 8440, 9402, and 10.2K from previous candles.
Trading Plan
Weekend:
1. buy @ 7777
Then next week:
1. sell @ 8340
2. buy @ 8012
3. sell @ 9400
4. buy @ 8700
5. sell @ 10K (50%) then hodl rest
Just don't take my word for it: do your own analysis.
Cheers!
Trade active
Bought @ 7898Sold @ 8340
Bought @8080
Sold @ 8800
Now in cash waiting for BTC to decide where to go next: too many conflicting signs.
Trade closed: stop reached
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.
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.