UnknownUnicorn6047038

#BITCOIN - Supported by Local Support

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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The price was rejected from strong resistance but we had price was supported by local support. that can lead to test the resistance level of the range and to test strong resistance if we break out of the range

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Comments

Hi Alex,

Thanks for sharing... ; )

Yup, kind of in limbo at the moment at the moment.

"BTCUSD - Potential Short Term Scenarios With Options..."



A look at the Stochastic RSI in history in the Daily (24h) TF:

+2 Reply
@WyckoffMode, hello) firstly thank you that you send your work here always a pleasure)
+1 Reply
@WyckoffMode, I agree with you because while we are in the range it's not clear where exactly we go and I try to play locally only)
+1 Reply
WyckoffMode UnknownUnicorn6047038
@UnknownUnicorn6047038,

Yes, I made a comment recently in that publication; stating, "Keep in mind, if you were not already margin long at lower price, you may want to consider waiting for a potential dip in the price action before opening a long position. If it does not play out and we keep going higher before a dip in the Stochastic and price action, you can open your long position THEN. One of my most important rules: Do NOT feel like you have to always be in a trade. If you missed a trade, WAIT for the next one! Do NOT force a trade that can go either way; as is the case now. Simply wait till the odds are much higher for the trade to work out in your favor. We are currently in limbo waiting to see what occurs."

I'm going to have a look at time frames lower than Daily (24h) shortly. Might post a video on the lower time frames in a bit.

Thanks again for sharing your opinion!

Stay Awesome!

David
Reply
@WyckoffMode, probably on monday we will start to be alive) ranging comes too ofter on weekends since we got this crisis situation)
Reply
smouky577 UnknownUnicorn6047038
@UnknownUnicorn6047038, is clear -up
Reply
Comment removed.
great work
+1 Reply
@CryptoBullet, thank you for good words and supporting)
Reply
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