Hello,
Today 10 June 2020: BTC is still following its sideways movement so there is not a lot to write.
To keep it short and simple;
1) I am still trading with my bullish bias as BTC on Daily is holding above all key MAs, we now have seen almost 5 touches on the Daily 21EMA which for a short term not a good sign as, ‘More times it is getting tested, weaker it gets’. We already see that the bounces after each test are getting weaker.
2) I prefer to use 3D support/ resistance (3D SR) levels on my charts for TA and trade setups. This one particular 3D SR box has been holding BTC very strongly, previously we have seen major moves once BTC broke out of this SR box. This time I am also expecting the same, once we see the break out from this box we could see a massive candle. The next 3D SR box already show us the possible targets on upper and lower side.
3) Shepherd: Daily shepherd is pretty much flat now, last time when it got flat was in Oct 2018 rite before the 50% drop. This does not mean we will see similar drop this time also but it is just one thing to keep note of.
One of my recent TA post (Cautionary signs for bulls from the CME chart) got featured in the TradingView weekly digest, Do check it out linked below.
Happy and safe trading…
Chao…
Today 10 June 2020: BTC is still following its sideways movement so there is not a lot to write.
To keep it short and simple;
1) I am still trading with my bullish bias as BTC on Daily is holding above all key MAs, we now have seen almost 5 touches on the Daily 21EMA which for a short term not a good sign as, ‘More times it is getting tested, weaker it gets’. We already see that the bounces after each test are getting weaker.
2) I prefer to use 3D support/ resistance (3D SR) levels on my charts for TA and trade setups. This one particular 3D SR box has been holding BTC very strongly, previously we have seen major moves once BTC broke out of this SR box. This time I am also expecting the same, once we see the break out from this box we could see a massive candle. The next 3D SR box already show us the possible targets on upper and lower side.
3) Shepherd: Daily shepherd is pretty much flat now, last time when it got flat was in Oct 2018 rite before the 50% drop. This does not mean we will see similar drop this time also but it is just one thing to keep note of.
One of my recent TA post (Cautionary signs for bulls from the CME chart) got featured in the TradingView weekly digest, Do check it out linked below.
Happy and safe trading…
Chao…
