BTC Mechanical System
System has flipped long on all time frames. First time this has happened since the bottom, so I am in the market with cash and a cross leverage long for the value of my trading account.
Trend is still obviously bearish, so I am looking for a reversal here and breakout above local daily resistances.
Yearly close/open (purple)
Weekly resistance (orange)
Weekly support (Green)
Daily resistance (Grey)
The 12hr chart was the last and more recent to flip long. I am watching lower TF (3hr and 6hr) for reversal calls, Will open hedge shorts at those calls on higher leverage.
This is a continuation thread. Link to original post:
Trend is still obviously bearish, so I am looking for a reversal here and breakout above local daily resistances.
Yearly close/open (purple)
Weekly resistance (orange)
Weekly support (Green)
Daily resistance (Grey)
The 12hr chart was the last and more recent to flip long. I am watching lower TF (3hr and 6hr) for reversal calls, Will open hedge shorts at those calls on higher leverage.
This is a continuation thread. Link to original post:
Note
Note
Stop currently at previous daily candle low
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.