So far so good: We went below 11296 which triggered my next short (the last one was closed in profit).. also I will enter a second position at 11050.. sl for both positions: 11500. tps for both positions: 10300, 9450, 8450 (and I will leave some for if we go lower..) My expectations: - We are in another small peannunt triangle withing a bigger symmetrical...
Well, there are many indicators that show that we are going to bounce.. - sma200 ema200 on 4h - fear index extreemly low - some other indicators show that we are at the lowest point such as rsi.. - also we didnt have pull back yet (to prepare for next drop if there is going to be any?) - we sliced the cloud downwards on hourly, but now need to test it out again...
A harsh week for Bitcoin, but if you ask me it was expected... this is just a typical correction for the bull run. Most of people out there didn't expect though for such a strong move, though if we look closely we can see that on hourly, 4 hours, daily all clouds broke/rejected... Also we can notice that from rejection to rejection withing the triangle the...
So far my FA and SA havn't changed since my last analysis of the market. But also the same goes for my TA... - We are still in a symmetrical triangle - It feels to me like a bull trap, sure we managed to break above ma200, but it was so weak with such a low volume , I don't think we can hold it, especially since we are at the edge of the cloud, and just stuck...
Very nice movement, so far we struggle with exactly spot on of the edge of the symmetrical triangle... we might correct towards the sma200 and the 4h+1h clouds which are all at the 10100-10215 zone, but since we are really struggling at these point to me it looks like we are going to get rejected (Especially since the volume buying power keeps on dropping)... if...
So far my FA and SA havn't changed since my last analysis of the market. But also the same goes for my TA... - We are still in a symmetrical triangle - It feels to me like a bull trap, sure we managed to break above ma200, but it was so weak with such a low volume, I don't think we can hold it, especially since we are at the edge of the cloud, and just stuck...
I would recommend to close on current levels 10500-10750 at-least total of 15% of the positions.. I do believe that we will test 10150... but since im going to sleep I always prefer to take small profit just for any case if we wake up and suddenly big buys appear (also the break downwards was weaker then I thought it would be).. SLs to profit at 11010. Why Im...
Lets see if it works, I'm on a third position shorting since 9995 sl 10100 tp 9400 :) Risky position because we still didnt have pull back, seems to me we struggle to break, but succeed in it will break hard.
Why we struggle so much between 10k-1100? Because: 1. We are under 0.3 fib (since bull run started), and 0.5 fib (since parabolic confirmed) 2. We still have very low buying power 3. We are under SMA 200 on 4 hours.... Passing 10100 and breaking above 10160 will confirm a flash rise above the cloud of 15 min towards 10760 (The edge of the pipeline) Failing these...