BTC, Is It Safe To Buy?
Hey guys and gals,
It's been a little while I've been very busy with my group and trading a bit!
As we can see from BTC we have clearly broken out of this long down trend and we broke out with VOL giving me confidence we will continue higher.
We briefly dipped into the weekly OB before reversing and breaking out which confirms that we were being manipulated out of our money.
Market Cipher B gave me confluence with the breakout by indicating to us
- The Money Flow is about to cross into the geen so money is coming back into the market.
- We printed a small green trigger wave right before the ZERO LINE.
- The Stoch RSI, RSI and VWAP all wer headed higher and the Wolf Pack ID below showed us a change in trend.
We were over extended on the Daily and 4H TF's so it is natural that we have a pull back here. I have sold a portion of my BTC at 44k as I knew we would see some kind of rejectiont here.
I will be looking to DCA back in (Dollar Cost Average) between 41k and 37k, I will be looking for BTC to reenter the Daily Bullish Order Block by next week and there I am looking to open a larger long position. Stop loss 35k.
If we head down below that I will look for other key levels to buy or determine whether or not we start to short BTC.
Alt setups to come. The buying opportunities are coming team!
Not Financial Advice. This is all my own persoanl opinion.
DYOR.
See you all soon.
It's been a little while I've been very busy with my group and trading a bit!
As we can see from BTC we have clearly broken out of this long down trend and we broke out with VOL giving me confidence we will continue higher.
We briefly dipped into the weekly OB before reversing and breaking out which confirms that we were being manipulated out of our money.
Market Cipher B gave me confluence with the breakout by indicating to us
- The Money Flow is about to cross into the geen so money is coming back into the market.
- We printed a small green trigger wave right before the ZERO LINE.
- The Stoch RSI, RSI and VWAP all wer headed higher and the Wolf Pack ID below showed us a change in trend.
We were over extended on the Daily and 4H TF's so it is natural that we have a pull back here. I have sold a portion of my BTC at 44k as I knew we would see some kind of rejectiont here.
I will be looking to DCA back in (Dollar Cost Average) between 41k and 37k, I will be looking for BTC to reenter the Daily Bullish Order Block by next week and there I am looking to open a larger long position. Stop loss 35k.
If we head down below that I will look for other key levels to buy or determine whether or not we start to short BTC.
Alt setups to come. The buying opportunities are coming team!
Not Financial Advice. This is all my own persoanl opinion.
DYOR.
See you all soon.
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