dejc123

2 golden crosses on dailly withing a year?

Long
dejc123 Updated   
BITSTAMP:BTCUSD   Bitcoin
First of all no trade in BTC, but yes in alts. So many ppl waiting for 8.6k or 8.8k, not necesary it happens,..ps.s they might be disapointed. Here is 2 stupid facts. First off all, if we would first pump to trendline that is arround 9366-9.4k and then dump to 7.2K from 8.2K, like in this scenario: then bearish scenario would be a lot more likely. But we havent. We have dipped first to 7.2k and then pumped, which indicates that the btc has now enough fuel to continue higher at slower pace. Ofcourse it may still dip to 50 or 61.8 fibo (recent rally), so high margin trades are still risky imo. Anyway its worth noting that price is well above both 200 and 50 emas, which indicates we are not in bearish teritory (if you check 2018 death cross its not the same thing), like here: Death cross happened recently, which ofcourse was a perfect time to buy not sell (short term as always) it is still to be find out if for a longer term, i think yes. It can happen that golden cross is in the making right after the death cross or at aprox christmass time this year, thats in the case of a bullish scenario charted in this TA, and that is curently in play imFo. BTC made only few golden crosses from 2016 on dailly chart, here is one
not used to talk so much, but when i do, its for a reason.
lets see...
Trade active:
entry: 9223
liq: 9130
tp: 9320-9500
tp2: 9700

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