Short

BTC Daily Thoughts

By BitcoinMF

BTC Daily Thoughts

:dancer:

5min. scalp for the brave. waiting for LONG signal. hardcore scalpers enter before. own your own risk.

15min. pump rejected on this TF.
:eyes: STOCH RSI and RSI in a fight as STOCH curves down and RSI UP. If RSI continues with this momentum then STOCH will follow confirming buy volume enter.

30min. "Gold" Short signal on this TF yesterday right before the DUMP.
Today Im :eyes: when PA tries to pop back to strategy EMA because IMO its a mtter of time before it happens.

1h. Hopium fades away on this TF. Im bearsih and if we bears want to keep eating honey we need the STOCH to do the "stone on water" - bounce a bit from bottom and then break back down.....
:eyes:

2h. volume decreasing.
RSI is curving down.
DONT FORGET that there is lag on indicators as this is the way they are calculated.

4h. PA wont move up till smaller TF start to influence enough to make indicators on this TF move UP.

12h. I always look at 12h to nreak the day into 2 halves. it makes it easier for me to see directiom sometime.
now....after 12 hours like this what do you feel like doing?
BUYING or SELLING? please feel free to comment below

1D. Short Signal On this TF (ALso from 12H) Usually after a big move like that there is a retrace back as PA tries to find support and the right price for market. pay attention and don't rush.

** Didn't mention the Difference between BTFNX premium and Bitmex yet but the difference is big around 100$ at time of typing. this situation puts the market at extra pressure as Bitmex is one of the strong forces in crypto market and its price calculated by different exchanges PAY EXTRA ATTENTION **

Read more about the strategy I follow:

BitcoinMF

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