I'm Short XBT, even though the halvening is so close
Updated
I am a Bull, but I'm shorting for a 9% gain for my Satoshi piggy bank.
From a T/A standpoint this is what I'm seeing. I'm still waiting for an important final confirmation on the daily.
However, I will enter a smaller position on a retest of the middle bollinger band on the daily at $6940. At this price will also be a retest of the 4hr ema - 20 day and the 4 hr ema 200 day.
This trade excites me because I'm looking for an opportunity away from the screens, maybe this has made me bias. But, with my trade plan clear and correct Risk Management, its a trade I'm very happy to take.
The RSI is maintaining a neutral level. Not in the bullish control.
I will be trading on the daily, and getting confirmation on the 12 hour and 4 hour.
For a fundamental standpoint, I do have the halvening in the back of my mind, but I cannot unsee whats in front of me.
Of course, I have not done a Financial Advisor Degree.
From a T/A standpoint this is what I'm seeing. I'm still waiting for an important final confirmation on the daily.
However, I will enter a smaller position on a retest of the middle bollinger band on the daily at $6940. At this price will also be a retest of the 4hr ema - 20 day and the 4 hr ema 200 day.
This trade excites me because I'm looking for an opportunity away from the screens, maybe this has made me bias. But, with my trade plan clear and correct Risk Management, its a trade I'm very happy to take.
The RSI is maintaining a neutral level. Not in the bullish control.
I will be trading on the daily, and getting confirmation on the 12 hour and 4 hour.
For a fundamental standpoint, I do have the halvening in the back of my mind, but I cannot unsee whats in front of me.
Of course, I have not done a Financial Advisor Degree.
Comment
I don't know how long this will play out for, but I'd say at least 3-4 days. But I can't put a time limit on it, but this TF would be nice, Not being impatient though. haha. I would also expect a bounce or a stall of price action at 6660 area.
My target of 6320 is conservative as I would like to leave before any other bounces..
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