If you find yourself flustered with many indicators - it always helps to just clear everything and go back to basics. The chart doesn't even have to be logarithmic to see that there is still too much risk to long. All i did was spot out triangles, compare their bullish strength, and wallah...its still bearish.....
As we all know now, the market is completely manipulated so, with the experience I have in trading crypto, the only thing I can really believe at this points is that these horizontal support lines in red are fake bottoms. Simple trend lines show us lower support levels and a diagonal resistance line on top.
*this is not financial advice
As we all know now, the market is completely manipulated so, with the experience I have in trading crypto, the only thing I can really believe at this points is that these horizontal support lines in red are fake bottoms. Simple trend lines show us lower support levels and a diagonal resistance line on top.
*this is not financial advice
Comment:
another possible swift dump incoming. keep an eye out or put some stop losses up for your longs. I need BTC to prove bullish by breaking this annoying triangle trend before I go long.
Trade closed manually:
finally its starting to show some clearance here. It looks like its breaking the major bear trend. I'm long.
Trade closed manually:
Back to the trend. Got away with breaking even on the long.