Bitcoin
Pembelian

BTCUSD - Don't let emotions rule you

178
Bitcoin has a long way to go and a lot of confirmations to give before we can call bull.

Yes, this may be the bottom, give or take a few hundred dollars. But what is happening right now?

Daily - Hidden Bearish Divergence as the RSI makes higher highs but price falls against the oscillator, this means that price must either break the $6816.6 high or it will continue to fall until the Price/Oscillator are no long diverging from one another.
The daily hidden bearish may play out over a few days, it does not concern me as I am personally Dollar Cost Averaging into the market on a time basis not price.

Weekly - Possible support at the lower side of the early Nov '17 "Order Block"
(This area essentially shows us a huge accumulative period before the expansion to 20k and is currently acting as support.)
Maintaining support on the weekly 90 EMA is crucial. I would expect a full 78.6% retrace to $4250 if we fail this incredibly important level.

I have no need to "catch the bottom" (Other than for fun) when I can be in position ready for more solid confirmations and breakout.

The 13 EMA, after 5 attempts, this could finally act as support at $6300

I am net long and have no intention of selling that position any time soon, my short position can play out and earn me a few bucks in the meantime, if it must...

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.