I thought we had bearish divergence at the purple trend line and shorted, but since then we have broken that resistance and I've closed. I'm now bullish. We have the green, and then the red trend-line as support. I see no trend resistance until 12.7k.
I've included the Ichimoku cloud as resistance. The lagging span on the Ichimoku has broken through the cloud on the 4-hour which is a buy signal.
We could very easily be bullish for 3-6 weeks. I will wait for a clearer bearish divergence on the 4 hour to close.
I've included the Ichimoku cloud as resistance. The lagging span on the Ichimoku has broken through the cloud on the 4-hour which is a buy signal.
We could very easily be bullish for 3-6 weeks. I will wait for a clearer bearish divergence on the 4 hour to close.
Trade active:
Damn we just had a huge $500 dump in a matter of minutes. We are below the trend line that i called support for again. I'm hoping the ichimoku cloud on the 4-hour provides the support for us to stay up. We could stay on the red trend line and stay bullish.
I'm going to keep the trade open and avoid a panic sell, but I do think it might be rough coming up. Worst case we drop back to 9.4k.
I'm going to keep the trade open and avoid a panic sell, but I do think it might be rough coming up. Worst case we drop back to 9.4k.