You wont see me over posting on BTC completely unnecessary, but when I do its for a reason.
Everyone got excited over the small pump, but trend remains down as per signal. Price will continue to march forward an eventually squeeze between the GOLDEN P line and the GANN chart intersections (circled in orange) This is where dangerous trading occurs.
For now Im out of the market until BTC tells me whats going on.
Rapid Trender is now red, with a sell market sentiment (RED CROSSES on chart).
We watch and we wait, a close under that P Line send us towards 7K.
Oscillator is moving upward so a massive bounce can occur... too many variable to trade at this time.
Its easier to trade at the right time. Than to force a trade in the middle of a short term directional change.
A pump takes us up to 7771, 7900, 8100.
To challenge $8300, $8100 must be broken.
Feel free to comment, like, or even share the chart.
Again for now exercise caution.
Happy Trading,
FIBAUS
Everyone got excited over the small pump, but trend remains down as per signal. Price will continue to march forward an eventually squeeze between the GOLDEN P line and the GANN chart intersections (circled in orange) This is where dangerous trading occurs.
For now Im out of the market until BTC tells me whats going on.
Rapid Trender is now red, with a sell market sentiment (RED CROSSES on chart).
We watch and we wait, a close under that P Line send us towards 7K.
Oscillator is moving upward so a massive bounce can occur... too many variable to trade at this time.
Its easier to trade at the right time. Than to force a trade in the middle of a short term directional change.
A pump takes us up to 7771, 7900, 8100.
To challenge $8300, $8100 must be broken.
Feel free to comment, like, or even share the chart.
Again for now exercise caution.
Happy Trading,
FIBAUS
Note
Previous call still holds regardless of the small bounce. Nothing changes, short term trend is still down,so regardless of what any other analyst or indicator says, trend is still red and downward.What you are looking at is 1. Human emotion and 2. Its impact on Price.
Hence I exclude price as a pure indicator, and rely on time and human to buy. Its hardly ever wrong, the chart and script speak for itself.
Script access coming soon, stay tuned!
Happy Trading
FIBAUS
Note
correction: human emotion to buy
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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.