Today we are longing DNT/BTC on bittrex at 1000 sats.
Price is approaching a major long term uptrend line that has shown its strong support many times. This is where we will be buying.
Compared to historical buy volume, there has been a poor display of bear selling in this bleed out, with volume currently at its lowest, showing the bears are going back into their caves, with the bulls ready to reign again and breakout volume.
Entry: 1000
T.P 1: 1500
T.P 2: 3000 (ATH)
S.L: 890
Price is approaching a major long term uptrend line that has shown its strong support many times. This is where we will be buying.
Compared to historical buy volume, there has been a poor display of bear selling in this bleed out, with volume currently at its lowest, showing the bears are going back into their caves, with the bulls ready to reign again and breakout volume.
Entry: 1000
T.P 1: 1500
T.P 2: 3000 (ATH)
S.L: 890
Note
RSI looking great on this retrace, after dipping to an all time low there was a huge bounce and even on this retrace to the low close it remains very high, bulls taking over.Note
Things aren't looking to bright over here in crypto ville... as the famous David Ryan said: "if you get stopped out 5-6 times its time to step back and watch the overall market". Seems the dominant macro trend is dragging even the most bullish coins down with it, waiting for the S.L but going to be sitting sidelines for a bit until we get strong market recovery.Trade closed: stop reached
waiting this out until bitcoin breaks up, then we go
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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.