Hard to tell whether BTC turns into bullish, or into bearish in the next 24-48h...
My loose guess is bearish, because
- 1d CCI < 10
- 1d RSI has not entered into the lower low zone (30ish)
- OBV could not get back to before-dump level
contra: OBV has get back to its EMA!
if it falls, my guess for the bottom is 9k-ish, if it rise, I think about a kind of longer stagnation.
This is NOT a trading advise, just a biased opinion, comments/criticism/contradictions (preferably reasoned) welcome!
Trade active:
1d RSI is bellow 40 today and Coppock reentered negative, which both make likely that BTC will reach 30@1d RSI during this downtrend, so I do not buy in today/until RSI has not reached 30ish, I will wait until we enter the 30-ish zone before buying.
This is NOT a trading advise, just a biased opinion, comments/criticism/contradictions (preferably reasoned) welcome!
This is NOT a trading advise, just a biased opinion, comments/criticism/contradictions (preferably reasoned) welcome!
Trade closed manually:
CME group has just published its reference rate (calucaled 15.00-16.00 London time) ( www.cmegroup.com/tra...-reference-rate.html ) Today as for last trading day of CME-BTCF18 futures, CBOE-GXBT expired 16th of Jan, so based on these info, it might be very well, that the down soon ends. (I expect an upturn based on tech indicators, probably until mid Feb (the expiration of CBOE-XBT/G8, 14th of Feb, and CME-BTCG18 expiration 24th of Feb.)
Comment:
apologies for the continuous updates, but a trader have just called my attention that the volume of CME-Futures shows what we only talk about 7k, so it might not have a big effect on its own.
Trade closed: target reached
we might experience further down on 31th of Jan.
sorry. info: www.cmegroup.com/tra...alendar_futures.html