Hello everyone! So, BTC did some nice moves in our favor during the weekend, and as I said in my last BTC analysis, we can expect some volatility and erratic movement. If you are new here, I invite you to follow me, I do daily analyzes about BTC and some alts, and you’ll keep updated about our trades. Also, I’m sure you’ll find something interesting on my twitter, follow me there too.
Now, back to BTC, today’s candle is a sign of balance, the bulls and the bears have almost the same strength here, and this candle has a name, it is a Doji. We are long since BTC triggered the Bullish Engulf, as seen on the chart, and now we are managing our position. If you missed our last call, the link to it is below. Now it’s not time to buy BTC, neither to short, we are just managing our position, when the time to sell comes, we will know.
Let’s look at the hourly chart, as usual:
The price found a resistance at the orange line, which is a previous top, and did a pullback to its supports, namely the blue line and the purple trendline. BTC respected its supports, and now it seems it found resistance again at the 21 ema.
It is still a bullish trend, and there’s nothing for us to worry about right now, and our trade is giving some good profits already. So that you don’t miss any of my future calls here, remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Now, back to BTC, today’s candle is a sign of balance, the bulls and the bears have almost the same strength here, and this candle has a name, it is a Doji. We are long since BTC triggered the Bullish Engulf, as seen on the chart, and now we are managing our position. If you missed our last call, the link to it is below. Now it’s not time to buy BTC, neither to short, we are just managing our position, when the time to sell comes, we will know.
Let’s look at the hourly chart, as usual:
The price found a resistance at the orange line, which is a previous top, and did a pullback to its supports, namely the blue line and the purple trendline. BTC respected its supports, and now it seems it found resistance again at the 21 ema.
It is still a bullish trend, and there’s nothing for us to worry about right now, and our trade is giving some good profits already. So that you don’t miss any of my future calls here, remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
