Still waiting on something we can measure for a swing low. Until then, here are some areas of interest!.
Trade safely everyone.
Trade closed manually
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We're likely to retest $8,500 soon. We'll see what the indicators tell us from there.
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If we stop at $8,700 area, we're deff moving up soon. Depends on which part of the fractal we're in
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This is why I'm stressing the importance of buying the dip and not the rally. You have a lot more leeway this way when little movements go against you and this indicators screamed move up from the bottom
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OK folks, move up stalled out, Bearish divergence in large time frames, time to revisit lower reaches, as low as the pink trend line. Been a great and profitable run! We'll keep a close eye for the next dip!
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In all reality, things are looking more tenuous and wishy washy as we move along now. I've personally taken profits at this point and am cautiously watching for a break in the white line in the last chart addition. Their is still the possibility another move up yet but the oscillators are in a point where we could be seeing bearish divergence or the build up to a new wave up. The Mt. Gox wallet funds movement situation has my attention and I presume a lot of others. Even though the majority of funds reintroduced into the market happened before the news hit the media on it earlier this winter, that seemed to have a large effect on the market once people heard of it. I don't see it being a very big deal but people in the market apparently did. Fundamentals are looking kind of on edge to me at the moment. I'm continuing to keep a close eye and certainly not panic selling at this time however a great time to take some profits for sure!
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As noted in my other additions to BTC movements and Ideas, I expect short term to revisit the $8,500 area before more up. The surprisingly bullish continued signals at this time indicate to me a high likelihood of more up after pulling back but I'll update accordingly as we move forward. I'm taking profits for now to reintroduce at the dip. Good luck trading everyone!