Vold316

Bitcoin - Weekly (Feb, 18-24)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
What a beautiful week... All moon and lambos untill it rushed to close below the moving average. Will look into the lower timeframes to see when things started to go south and in the comments.

Status:
Monthly: Bearish .
Weekly: Neutral (leaning bearish now, with that weekly close).
Daily: Neutral (the last trend has ended dramatically).
Feb 24
Comment: The daily was pretty good untill it went south, closed at the break up of the range area after getting rejected by resistance at 4200. If you bought the end of the last downtrend and held like a champ like I did, you are still safe.

Feb 24
Comment: The 4H is the one to look when the 1D is neutral, it started the uptrend and then the 1D followed, there were 3 time to take some profit (the second one was pretty weird though, in that one I actually took some profits, then after saturday close the 4h I took more profts because the trend was ended and there was a RSI bearish divergence. That partly saved me from the massive dump, because the daily was pretty much useless, but I still hold the long since feb, 1.

Comments

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