BitcoinLong
Bullish or bearish? Bullish getting more power!
Updated
So I can see here a few things:
1. Bulls getting more buying power
2. Bears volume failing to take over
3. E50 + ma50 golden crossed - usually on small time frame it means bullish for short term
4. we entered the bearish cloud
So what are my conclusions?
- If we break above e50 and close above it, we will have enough power to break the cloud, with buying power confirmation we should hold above...
- If we break below ma50 and close below it, we will have enough power to break below the cloud which will mean a very bearish momentum as the bulls failed to create bullish pattern and exchusted their energy...
- I would usually go bearish here as too many bigger scale signs for bearish, but until we won't close the weekly below e21, and won't create bullish pattern (Higher lows higher highs trend line) with confirmed buying power I can't be 100% sure that we have market reversal... thus as we are rising in small TF bullish momentum, this time I will go bullish....
- SLs should be below/above the 1h cloud!...
1. Bulls getting more buying power
2. Bears volume failing to take over
3. E50 + ma50 golden crossed - usually on small time frame it means bullish for short term
4. we entered the bearish cloud
So what are my conclusions?
- If we break above e50 and close above it, we will have enough power to break the cloud, with buying power confirmation we should hold above...
- If we break below ma50 and close below it, we will have enough power to break below the cloud which will mean a very bearish momentum as the bulls failed to create bullish pattern and exchusted their energy...
- I would usually go bearish here as too many bigger scale signs for bearish, but until we won't close the weekly below e21, and won't create bullish pattern (Higher lows higher highs trend line) with confirmed buying power I can't be 100% sure that we have market reversal... thus as we are rising in small TF bullish momentum, this time I will go bullish....
- SLs should be below/above the 1h cloud!...
Trade active
New 2 sides signal due to last charting update:1. #Long#CurrentPrice-8182
Enter: 8214-8280
SL: 8050 (Risk lose: -1.6%)
TPs: 8415 (10%), 8560 (40%), 8680, 8730, leave 10% for any higher moves...
Portfolio risk: 5%
2. #Long#CurrentPrice-8182
Enter: 8090-8050
SL: 8275 (Risk lose: -1.1%)
TPs: 7970 (10%), 7770, 7570, 7370, 7270, 7070, leave 10% for any lower moves...
* Most likely we go up, but keep both positions intact and pay atention, so either you go now long all the way to entrance and hold, or you wait for one of the entrances to happen with ready position...
Note
Hope you are getting a lot of value from my updates, cheers <3****************************************************************************************************************************************************************************************************************
* If you like what I do, and want to see more then don't forget to push that "follow" and "like".
* Also if you want live time signals and learn with the community then you are more then welcome to join here to my Telegram: t.me/joinchat/AAAAAEdUerTNmmk-6ARsBw
* I invite you to join me at Uptrennd, a combination of reddit+steem with upvotes and other many features for publishing:
uptrennd.com/user/MTU3OTY
* If you want to appreciate my work with spare BTCs then you are welcome to send them to: bc1q8kzn0x8j4dmws00ntuhyma8p4c9jwyj0gzxua9
Cheers, love <3
Hedgehog King!
****************************************************************************************************************************************************************************************************************
Note
* Coretection on the 2 sides signal...number 2 options is not long, but 'short', so it's called:
"#Short#CurrentPrice-8182"...
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.