I Wish Bitcoin Was Going 8700$ (Daily analysis)
But trading what you WANT and not what you see, is a big mistake.
I was expecting a bigger rejection on the green resistance yesterday, to go finding the 9300$, but I don't see real selling signals on so many timeframes.
I even see a buying signal on the 15min chart (RSI is on the neutral zone, stochastic is low) so I'm going to keep waiting if I want a proper short position and try to position higher.
So I'm going to wait for prices to go higher and wait for selling signals on lower timeframes to take position and see how it goes.
I always pay attention to who is stronger between bulls and bears, who is pushing the prices, what strength control the market, for now, both side are weak.
The ADA short has been extremely profitable though, as altcoins always get more volatile than bitcoin, my next target is VET but he is still bullish at the moment, so I just keep an eye on it.
I was expecting a bigger rejection on the green resistance yesterday, to go finding the 9300$, but I don't see real selling signals on so many timeframes.
I even see a buying signal on the 15min chart (RSI is on the neutral zone, stochastic is low) so I'm going to keep waiting if I want a proper short position and try to position higher.
So I'm going to wait for prices to go higher and wait for selling signals on lower timeframes to take position and see how it goes.
I always pay attention to who is stronger between bulls and bears, who is pushing the prices, what strength control the market, for now, both side are weak.
The ADA short has been extremely profitable though, as altcoins always get more volatile than bitcoin, my next target is VET but he is still bullish at the moment, so I just keep an eye on it.
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