End of an older trend

At this point an older (in crypto time - started around Nov 19th) and very strong uptrend was closed (signal to SELL). See level 2 in the chart.

It may end up as a retrace in the (even) older trend since the overbought momentum is very strong still, but I decided not to risk.

I've sold my position and switched to XRP. Lets wait for BTC to build up again and signal a BUY on level 2.

Best of luck.

Commentaire:

The strong downward trend that started yesterday @ 13:00 at level 0 has finished, but I'll only be relief if I see the end of the downtrend on level 1. It may be close.

I'll keep you posted.

Trade fermée manuellement:

Finally the downtrend in level 1 is finished. I'll end this BEAR trade and post a new idea when it's time to buy again.