BTC.Prj.2019.P03E07.When to go long?

29 juil. 2019

Just making this short with key points as reminders:

> 10 EMA still not broken
> 21 EMA on daily and 50 EMA on the 4 HRLY still resistance
> We had the death cross and not the goldern cross. Refer to 2017 trend to see its relevance and the 100 daily EMA
> Trend is still downwards
> Smart money still waiting patiently indicated by volume (refer to previous volumes with blue markers)
> Daily RSI still in the bearish zone
> Fib Ring set barrier\resistance

Conclusion:
If you catch these bounces, shorting is still the way and take your profits with set targets.
Me, I missed this bounce and hence waiting it out as 9700 is a resistance I don't think it will pass.

4 HRLY Chart, close up: Blue lines are confirmed levels for resistance and support

29 juil. 2019

Note

Bearish divergence...it seems this is as high as its going to go for the next few hours or more.

29 juil. 2019

Note

For the record, this was a BULLISH AB=CD Pattern

30 juil. 2019

Note

Chart update: No change to the resistances... however the target has moved sideways (blue triangles).

30 juil. 2019

Note

Daily chart:

26 août 2019

Trade fermée manuellement

:(