Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
Consensio: P > S EMA > M EMA > L EMA (rolling up) = fully bullish
Patterns: Phase 7 Hyperwave | A&E
Horizontals: R: $4,259 | Will $4,113 become support?
Trendline: at $4,500
Parabolic SAR: $3,656
Futures Curve: Spot < March > June
BTCUSDSHORTS: New local low. Next support at 17,000. If that breaks down target would be 10,000
Funding Rates: Longs pay shorts 0.0008%
TD’ Sequential: G8 | TDST = $4,275
Ichimoku Cloud: Just got bullish kumo twist. Very interesting how that happened at ~ the same time as the 50 EMA rolling up.
Relative Strength Index: 77
Average Directional Index: Weekly is getting close to turning bullish. 3D just did it.
Price Action: 24h: +5% | 2w: +13.5% | 1m: +16.8%
Bollinger Bands: 3D closed above top band. Love the Daily getting stuck to the top band.
Stochastic Oscillator: Bullish recross > 80.
Summary: Now is the time to be very careful. If you went long over the past week then now is the time to adjust stop losses, if you haven’t already. I have moved my stop losses on ETH and BTC well into the profit and that is a very good feeling.
If you did not long over the past couple weeks and want to now then ask yourself why? Are you getting a great setup to enter or are you feeling emotional / FOMO?
The 200 W EMA is rolling over and is currently being tested for resistance. It has held strong since November of 2018. Even if we do get through that area then there is a bear TL and 200 D EMA waiting directly above. If we can get through those areas then the volume profile indicates a high probability of returning to $6,000.
If not in a position then I would not be entering long now. We are overbought, on a green 8 at major resistance. If it were me then I would stay on the sidelines and look for signs of exhaustion and be ready to enter shorts. I do think this bounce still could have some room to go but there is no way I would feel comfortable entering a swing trade now.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
Consensio: P > S EMA > M EMA > L EMA (rolling up) = fully bullish
Patterns: Phase 7 Hyperwave | A&E
Horizontals: R: $4,259 | Will $4,113 become support?
Trendline: at $4,500
Parabolic SAR: $3,656
Futures Curve: Spot < March > June
BTCUSDSHORTS: New local low. Next support at 17,000. If that breaks down target would be 10,000
Funding Rates: Longs pay shorts 0.0008%
TD’ Sequential: G8 | TDST = $4,275
Ichimoku Cloud: Just got bullish kumo twist. Very interesting how that happened at ~ the same time as the 50 EMA rolling up.
Relative Strength Index: 77
Average Directional Index: Weekly is getting close to turning bullish. 3D just did it.
Price Action: 24h: +5% | 2w: +13.5% | 1m: +16.8%
Bollinger Bands: 3D closed above top band. Love the Daily getting stuck to the top band.
Stochastic Oscillator: Bullish recross > 80.
Summary: Now is the time to be very careful. If you went long over the past week then now is the time to adjust stop losses, if you haven’t already. I have moved my stop losses on ETH and BTC well into the profit and that is a very good feeling.
If you did not long over the past couple weeks and want to now then ask yourself why? Are you getting a great setup to enter or are you feeling emotional / FOMO?
The 200 W EMA is rolling over and is currently being tested for resistance. It has held strong since November of 2018. Even if we do get through that area then there is a bear TL and 200 D EMA waiting directly above. If we can get through those areas then the volume profile indicates a high probability of returning to $6,000.
If not in a position then I would not be entering long now. We are overbought, on a green 8 at major resistance. If it were me then I would stay on the sidelines and look for signs of exhaustion and be ready to enter shorts. I do think this bounce still could have some room to go but there is no way I would feel comfortable entering a swing trade now.
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/