hydrix95

Wait for more bleeding

COINBASE:BTCUSD   Bitcoin
This is still the first peak on the 4H RSI since we've hit the "very bottom." Ideally it would go sideways overall, hit another valley in the short term, and consolidate before going up. Sometimes it can resist doing that, but the dump just now indicates otherwise. Nonetheless, I'm not buying until at least the 4H RSI hits 30. The 4H RSI hit 75 after that recent double pump and people were still chanting BUY BUY BUY before it dumped. I knew that was A BAD TIME TO BUY, SO I DIDN'T. I'VE BEEN HOLDING OFF SINCE I SOLD AT 455 ETH. I'm not buying until the MACD flips again, or RSI hits 30. It will go down quite a bit before either of those happen. There might be some minor bumps along the way, but I don't care, I'm a 1D/ 4H trader.
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.