dragononcrypto

HOTBTC: Weekly Flirting With TD Green Price Flip

Pembelian
BINANCE:HOTBTC   None
To elaborate on the Daily bullish view of HOT/BTC:

  • Bullish divergence on the CMF (compared to bearish on the Daily time frame).
  • RSI beginning to find support from breaching oversold conditions at 30.
  • TD Sequential reached an aggressive 13 (as far as TV algo goes).
  • Weekly candle is flirting with a green 1 when 9 sats or above.
  • MACD yet to bull cross but coming closer together.

Bullish divergence aside, I'm liking the simplistic sequential weekly view at the moment:

  • The last time a green 2 went above a green 1 was in January 2019, the price rose 20 sats to 46 ATH within 2 weeks.
  • The price therefore could breach the falling channel resistance first time (on a green 3 going above a 2).
  • Next week could active the first long trade on HOTBTC for 9 months, based on the sequential system.

Resistance levels modified for weekly view: 12-14, 21-23, 28-31 as well as 46 ATH.

HODL for dear life?
Komentar:
This is totally still holding up despite the sell off :-)
Komentar:
Going exactly as planned, Green 2 going above the Green 1 on a Weekly timeframe.
Currently testing channel resistance.

Trade aktif
Komentar:
Break even stop loss @ 10 sats. Currently facing resistance.

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