We bounced off 21 EMA on W timeframe. W RSI is healthy again 55. Im confident this was the last shake out and now we're about to begin parabolic advance in upcoming days. Bottom is in - BTFD
Bitcoin's currently at a very important point. Short term: - I'm watching where we close today as bulls are trying to hold this support and close above 50 SMA. We haven't close bellow it for several months therefore this could signal further selling. We don't want to see a lower low on D timeframe. - Potential bear flag forming on smaller timeframe. - Im using a...
S&P500 is getting a little bit overextended here. I expect a selling pressure around 4200 level or off the trend line resistance we've been tagging last couple months. Could be a profit taking into a close today before weekend. I wouldn't be surprised to see us come back down to retest 4000 level or at least close the gap at 4020 next week. This is lining up a...
My goal is to accumulate as many Bitcoins as possible, therefore I'm going to try to sell a portion of my position close to the top in order to then buy it back for a better price around bear market low.... as many other traders aim to do. This however is easier said than done. It's going to be emotionally difficult and perhaps unsuccessful if models become...