It's time to short if we have a close below 6350. All indicators are pointing down, we have a MA cross-under.
Yesterday I closed my short on the 2hr timeframe, this was a very nice 13% profit. But then i made a mistake, FOMO. I re entered based on the same 2 hr time period, this morning there was something with a dead cat. My short was closed and i had a loss. I need to stick to my strategy, close above the cloud and 26 ema start looking for a long, for a short the other...
Maybe it was better to wait until XRP breaks the resistance line but i went for it, going short for a nice 7% DROP. I'm using my own JP MASTER indicator to determine the right moment to enter, this in combination with my own RSI and STOCH indicators.
When everybody is saying bitcoin must go down, that is what TA is telling us, then BTC does the opposite. I also was ready for a very big drop and maybe it still will happen but for now i see a spike in volume to the upside. So i'm preparing to go long ! Let's wait and see !
I'm not saying right now but it's an option. SToch and RSI both going up in the neutral zone, we almost have a cloud breakout.
My stoploss was reached and also on the retest of the resistance line no breakout, maybe first a small leg up before the big drop !
We have a breakout and a retest, time to go short !
I'm experimenting with my custom RSI indicator. It has a sma signal line and histogram. For now, going short it is, but it's only one indicator so i'm waiting on confirmation of my other indicators and ema lines.
I'm using my 2 indicator to determine the stepin level, going long ! The RSI indicator is already available for you all, the stoch indicator is in testing mode.
The triangle is getting narrower by the minute, volume is going down. RSI is in the neutral zone, Stoch is going sideways. And we are all waiting on a very big BANG, breakout. I think we will go to the downside but if it goes up it's fine by me. $DOGE is also going up,people stepping out of BTC into the DOGE to be safe!
But soon there will be another breakout, up or down, nobody knows.
Maybe it's better to wait for the second resistance line but i'm going long !
Are we forming another triangle or do we have a breakout to the upside, let''s wait and see.
I'm trying something new, we need 1 big spike down and another bounce to the second phase. Then it's time to go up again.
How are we going to close the day? I'm ready for a nice leg up but it can go either way. Is it breaks one of the lower resistance lines we are going to take a short cut to the 5800 area or even lower. Today is the day, what's going to be boy?
Almost al my indicators say go long but the EMA lines are blocking the path. We are in the middle of 2 resistance areas. I just have to wait.
After that a big drop to 4975 ! This will close the bear trend and the bulls will take over !
It's time for a correction in ETP, fib is aligning perfectly witch all the support lines. If the RSI crosses with the ma i'm going short