We just turned red on Gaussian Channel on 4 Hour.
We might get bearish over next few days. Excellent entry in BUY ZONE green box.
We may get slightly outside Gaussian Channel. If we do, watch RSI for getting to 30 for strong rebound to enter for long position.
200SMA is going to get lower right around the same time we look to be scheduled to turn the Gaussian Channel.
We should be seeing increased volume, RSI increase, turn on Gaussian Channel, and rise above 200SMA for confirmation.
"institutions are now net long 880 BTC contracts, compared to 660 BTC the previous week, as short positions have fallen because institutions are likely expecting a breakout in the upward direction."
Source - 22 hours ago - www.newsbtc.com/2019...tcoin-price-tanks-6/
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
We might get bearish over next few days. Excellent entry in BUY ZONE green box.
We may get slightly outside Gaussian Channel. If we do, watch RSI for getting to 30 for strong rebound to enter for long position.
200SMA is going to get lower right around the same time we look to be scheduled to turn the Gaussian Channel.
We should be seeing increased volume, RSI increase, turn on Gaussian Channel, and rise above 200SMA for confirmation.
"institutions are now net long 880 BTC contracts, compared to 660 BTC the previous week, as short positions have fallen because institutions are likely expecting a breakout in the upward direction."
Source - 22 hours ago - www.newsbtc.com/2019...tcoin-price-tanks-6/
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.