close point 5:00 p.m. October 29th Break out above 9500 or below 9000 Stop loss At 9000 or 9500 Retest heavy resistance at 9800, if confirmed = short entry This is March 1, 2018. We broke downward of the 200 DMA. Then MACD coming hot and fast back up to 0 breaking above the 200 DMA with it. RSI setting a new lower high after a new lower low which came after...
Pretty self explanatory here, oh and you're gonna want this too from 2014 You're invited to my 2020 Christmas party.
Topping out this bearish channel with lower highs. BTC bouncing off the walls! Daily and weekly momentum seems to still be consolidating so I'm looking at the 6500 level. A hard call to make but standing bearish with a belief in consolidation.
Entering a nice consolidation, wondering which trend we will take.
Looks to me that we are about half way through this Alt coin consolidation, ALTs are looking prime being over sold on the Weekly, consolidating on the Daily and Bitcoin needing a possible pull back to 6k. I'll be looking for a couple positions this week, diversity, stop losses, target resistances, make a plan, good luck.
A little touch and go off the MacD as we sellout and price action trends with it, a conformation on the weekly and we're off to the races
Drew another trend line, in blue, for these dips and lines up well with the DEC 1 pinch perfectly. **Also note BTC is largely over sold on the weekly.
Gonna be hard to to keep up with that up trend