Set up for new Bullish Daily Cycle is almost completed. Our job is to get ahead of the crowd. The starting point of the New Cycle is marked by the vertical blue line (if not sooner).
We have a nasty Red Candle that shows enthusiasm of people willing to keep betting in the direction of the current downtrend. It will be nice to see Bitcoin printing a nasty bearish wick on the 4hrs to get rid off all the new wanna get rich quick traders that just entered with 50x and above, that will help to push the new Cycle to a good start.
With nasty wick or without it we are going UP even tho the Daily Trend as of now is weak but that can change during next week. We'll follow the move.
How high it will go this TIME that nobody knows, what I do know is that it will go and test its Zero Line of $112225 so Placing a long order (SPOT) below $107500 with low lev (10x or less) in case that a nasty wick is printed is a good idea.
Don't be afraid of get in early because we are going higher.
Play it right, play it safe. Know the rules of the game. Use low lev recommended.
Have a nice trading weekend everyone.
We have a nasty Red Candle that shows enthusiasm of people willing to keep betting in the direction of the current downtrend. It will be nice to see Bitcoin printing a nasty bearish wick on the 4hrs to get rid off all the new wanna get rich quick traders that just entered with 50x and above, that will help to push the new Cycle to a good start.
With nasty wick or without it we are going UP even tho the Daily Trend as of now is weak but that can change during next week. We'll follow the move.
How high it will go this TIME that nobody knows, what I do know is that it will go and test its Zero Line of $112225 so Placing a long order (SPOT) below $107500 with low lev (10x or less) in case that a nasty wick is printed is a good idea.
Don't be afraid of get in early because we are going higher.
Play it right, play it safe. Know the rules of the game. Use low lev recommended.
Have a nice trading weekend everyone.
Note
I don't know why the vertical blue line doesn't show on chart once is clicked to view but it shows on the profile that's weird, anyways vertical line is marked as Sep 30.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.