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Dear Cryptuminati,
There are windy times ahead at Bitcoin. At the moment we are experiencing the calm before the storm, but this could change soon. But the direction is not yet clear: Is it to the seabed or to the moon?
Let us speak the Eye of the Cryptuminati!
I can see the first positive signs:
- The Fightbox seems to hold as resistance.
- It doesn't take much for the Supertrend to turn to green.
- In the lower indicator, the downward trend appears to have broken.
Scenario 1:
As a clever Cryptuminat I wait for the positive reversal of the Supertrend. That's where I set up my first positions. A Moonline break would be a strong uplink and an option to increase my position. Bridging the Lamboline would make my little crypto heart glow. According to the Dow Theory, it's a higher high.
Scenario 2:
The Supertrend in Bitcoin remains red. Below the Fightbox I would start with short positions.
I prefer scenario 1.
Now it's all about volatility.
Risk note: Everything is possible, nothing is necessary. All information is not a buy or sell recommendation.
»Life's Tragedy is that we get old too soon and wise too late.« (Benjamin Franklin)
Thank Cryptogod you found me. :-)
Do you want to be a Cryptuminat?
Follow me and join the movement!
There are windy times ahead at Bitcoin. At the moment we are experiencing the calm before the storm, but this could change soon. But the direction is not yet clear: Is it to the seabed or to the moon?
Let us speak the Eye of the Cryptuminati!
I can see the first positive signs:
- The Fightbox seems to hold as resistance.
- It doesn't take much for the Supertrend to turn to green.
- In the lower indicator, the downward trend appears to have broken.
Scenario 1:
As a clever Cryptuminat I wait for the positive reversal of the Supertrend. That's where I set up my first positions. A Moonline break would be a strong uplink and an option to increase my position. Bridging the Lamboline would make my little crypto heart glow. According to the Dow Theory, it's a higher high.
Scenario 2:
The Supertrend in Bitcoin remains red. Below the Fightbox I would start with short positions.
I prefer scenario 1.
Now it's all about volatility.
Risk note: Everything is possible, nothing is necessary. All information is not a buy or sell recommendation.
»Life's Tragedy is that we get old too soon and wise too late.« (Benjamin Franklin)
Thank Cryptogod you found me. :-)
Do you want to be a Cryptuminat?
Follow me and join the movement!
Note
The Fightbox was left impulsively downwards. The supertrend has remained negative, indicating a negative trend. A short trade down to the lower black trendline would have been an option. Now it is possible to test the black trendline again. This could be followed by a counter-movement.
If the black trendline is broken downwards, the mark at USD 6,420 is decisive. A deeper depression would develop, which could be a strong signal for a continuation of the negative trend.
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