Bitcoin is now showing bullish symptoms next stop 5700-5800 notice how stoch Rsi has crossed use sl and enjoy
see above arrows for positions if you are short you can still make money just make sure you can survive the bounce
Morning all, yesterday i was bullish on bitcoin, but my biased has changed and i do not think we have bottomed out just yes, see pivot points for targets..
Re-occurring pattern, safe to short with a very low leverage to avoid liquidation on short term bumps enjoy
Descending Triangle Confirmed, Bearish Indicative ..
Higher highs, higher lows, trend lines all indicative of a bullish divergence
Evening All >Above you can see I have drawn in past support levels in white faint white lines, which ofcourse becomes current resistance.. >Below you can see the faint pink lines which are showing you the current support levels >We can see that almost always the Stoch RSI will almost always return back on top when bottomed out as above , the question is now...
Ill be waiting for the 1D RSI to top out completely again and then enter a short position and follow it with a stop loss to the bottom and keep on repeating this strategy until bull market has finished.. with a very low leverage
HIGHER LOWS NO AND YET NO HIGHER HIGHS BUT STILL NO LOWER LOWS HMM, MY INTUITION MAKES ME WONDER IF A COLLECTIVE GROUP IS HOLDING THE 6K LINE FOR PERSONAL INTERESTS, WHILE ALTS FALL LOWER AND LOWER, WE MAINTAIN THE 6K LINE..
If current support does not hold, we will go much further down, also notice how the RSI has a long way to go.. take care
Previous target of 198 has been reached , i am expecting sideways movement for the next fear hours until the bullish move towards 216-218 (next resistance line) . See related ideas .
COLOUR CODED RE-CONCURRING MOVEMENTS, THE 6K LINE SHOULD BREAK... INTUITION TELLS A COLLECTIVE GROUP HAS BEEN PROTECTING THEIR INTERESTS ..
enjoy couldnt break triangle, needs correction
.... going to 6300 short term , short within 1hr of reading this... put take profit stop on longs / or take profit .... alts too