Hello Traders, I know my English isn't very well so sorry for that. First of all, the price of Bitcoin, over the past 24 hours - has been unstable. The price started the day at a price of $8,700, droped to $8,300 and rise within some hours agsin $8,750. (Consensus 2018?)
The price dropped over $500 because on 1H TF Bitcoin faces with 100EMA resistance line, and in currenct time on 1D TF(as well as 3D TF) the price has downtrend tendency.
the MACD is falling down but dont forget about histogram, this the most powerfull indicator that show us who is the king of market, bull or bear. I check histogram on another website, because I cant find the right script on TV.
Yes, the MACD is falling down, but the past two days, the historgam shows a buys from bulls of 1D TF as well as on 4H TF.
On 3D TF I can see that the MACD lines is below centerline and histogram shows full green bars, this is a little scary with fact the price has the resistace from 7 and 30EMA lines.
I will wait when the price shows signs to buy with low risk. I dont want open a short because the price can change the trend. So I dont want to open a long because the price has a resistance from 7 and 30EMA on 3D TF.
Some words about challenge.
I want to trade as more effective as I can, so I need a goal. My Goal to make 10k% on bitcoin futures to the end of this year. This is hard and very risky. So let's start.
0% - 10k%. No trades.
The price dropped over $500 because on 1H TF Bitcoin faces with 100EMA resistance line, and in currenct time on 1D TF(as well as 3D TF) the price has downtrend tendency.
the MACD is falling down but dont forget about histogram, this the most powerfull indicator that show us who is the king of market, bull or bear. I check histogram on another website, because I cant find the right script on TV.
Yes, the MACD is falling down, but the past two days, the historgam shows a buys from bulls of 1D TF as well as on 4H TF.
On 3D TF I can see that the MACD lines is below centerline and histogram shows full green bars, this is a little scary with fact the price has the resistace from 7 and 30EMA lines.
I will wait when the price shows signs to buy with low risk. I dont want open a short because the price can change the trend. So I dont want to open a long because the price has a resistance from 7 and 30EMA on 3D TF.
Some words about challenge.
I want to trade as more effective as I can, so I need a goal. My Goal to make 10k% on bitcoin futures to the end of this year. This is hard and very risky. So let's start.
0% - 10k%. No trades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.