Why we are no longer shorting this market Weekly has false breaks Daily has corrective cycle Bullies divergence Bulls are at play here, (Short or long term not sure) We are waiting for a deeper corrective cycle or a range (Short term we are looking for buys, Even if we are going to clear extreme lows)
We are neutral on this pair as this is a tricky one! Long term i would sell rallies but small risk on buys Invalidation for buys. tricky as daily suggests sell. Low risk trading for buys (ONLY)
we are in a corrective cycle possible range then buy or a higher low then buy
Currently the only way to trade Bitcoin is Long term. Volatility is still too high and will wipe out short term traders. Wait for retraces of 15-20% and buy. No stops. Only trade with very small amounts that you can afford to loose. No other way.