I would take some profits and stay aside until the current crash will be finished.
TA
I´ve eliminated all trend channels out of the past because BTC has broken through all lower limits.
I´ve added a new descending trend channel as orientation.
Next support line is the 0% fib retracement (new) that is also the older fib retracement 61.8%. (10.700$) This line has been tested on dec 22.
indicators:
RSI: below 50 but not oversold
MACD: falling below zero
ADX: -DI above 20 / +DI below and momentum is rising (for the negative trend)
conclusion:
the negative trend hasn´t yet ended - probably it´ll stops on lower limit of descending trend channel / support line
accumulation only if trend stabilizes above these lines and only with positive momentun
TA
I´ve eliminated all trend channels out of the past because BTC has broken through all lower limits.
I´ve added a new descending trend channel as orientation.
Next support line is the 0% fib retracement (new) that is also the older fib retracement 61.8%. (10.700$) This line has been tested on dec 22.
indicators:
RSI: below 50 but not oversold
MACD: falling below zero
ADX: -DI above 20 / +DI below and momentum is rising (for the negative trend)
conclusion:
the negative trend hasn´t yet ended - probably it´ll stops on lower limit of descending trend channel / support line
accumulation only if trend stabilizes above these lines and only with positive momentun
Trade active:
Indicators are now showing oversold situation - perhaps the beginning of stabilization
BTC shouldn´t fall back beyond 10.000$ (Bitfinex).
BTC shouldn´t fall back beyond 10.000$ (Bitfinex).
Trade closed manually:
Crash has ended - we´re back.