BTCUSD Perpetual ContractMis à jour Resistance at trendline, retrace to Golden Pocket
This is six times now that we've interacted with this trend line. Our latest 
1K+ run-up since last week has been parabolic; volume is diminishing; RSI is in overbought territory--I think there is a good probability of a retrace down to one of the Golden Pockets identified on the chart.
The Lesser Golden Pocket is measured from the run-up starting around $8265, and I've marked that Golden Pocket at $8679.
A larger retrace to the Greater Golden Pocket measured from around $6850 would be to $7786; but, it seems that all of the work the Bulls have put in to get out of the descending channel and, now, above the daily 200MA wouldn't be given up that easily.
I am out of the market, waiting patiently for the retrace. However, I would gladly flip bull, if we get confirmation of a higher high on the weekly above the range of $9550-9750.
Stay safe. Wash your hands. Wear a mask in public.
1K+ run-up since last week has been parabolic; volume is diminishing; RSI is in overbought territory--I think there is a good probability of a retrace down to one of the Golden Pockets identified on the chart. The Lesser Golden Pocket is measured from the run-up starting around $8265, and I've marked that Golden Pocket at $8679.
A larger retrace to the Greater Golden Pocket measured from around $6850 would be to $7786; but, it seems that all of the work the Bulls have put in to get out of the descending channel and, now, above the daily 200MA wouldn't be given up that easily.
I am out of the market, waiting patiently for the retrace. However, I would gladly flip bull, if we get confirmation of a higher high on the weekly above the range of $9550-9750.
Stay safe. Wash your hands. Wear a mask in public.
Transaction en cours
I decided to short. Ladder entered between 9450 and 9560. Trade is going well so far, and I am hodling until the Lesser Golden Pocket. Have you entered any trades based on this post? Please let me know.
Thanks!
youtube.com/watch?v=cIANk7zQ05w
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.