BTC to break in coming hours! This is the plan for success
hey guys well we have been in a position of waiting now for some time. We are all traders but we cant push action we need to wait for it to come to us.
As we stand we need to watch the 12 hr chart for the EMA crosses. We have 2 directions based on where the price sits and move of from (arrows showing the potential EAM path up or down).
Right NOW we are in the down trend direction and if we remain and hold under the blue 89EMA. Still a small bounce potential on the cards here, but we will continue downwards as long as we keep closing under that blue EMA. We are basing all our plans of candle closes, so wicks may shoot up, but the close is the important part. If a candle does NOT close above that blue 89 EMA then we hold our downward spiral.
However if we do close above the blue 89EMA more then twice, I would look for a further move above the green 50EMA, and we form a base up there. We will begin to switch EMA crosses to the upside and longs will be the plan of attack.
My strategy right now is wait, the blue and green EMAs are king right now. The longer we play in this area the more likely we get that 50 green EMA grossing the blue 89EMA downside, that is an entry signal for me.
Let me know your thoughts, I will be putting together a short live stream course online soon for a small number of people explaining these super simple basic chart understandings so you can make these decisions yourself. It really is not hard, EMAs (king) / levels / RSI. Let me know anyone interested.
Regards,
Johny Button
As we stand we need to watch the 12 hr chart for the EMA crosses. We have 2 directions based on where the price sits and move of from (arrows showing the potential EAM path up or down).
Right NOW we are in the down trend direction and if we remain and hold under the blue 89EMA. Still a small bounce potential on the cards here, but we will continue downwards as long as we keep closing under that blue EMA. We are basing all our plans of candle closes, so wicks may shoot up, but the close is the important part. If a candle does NOT close above that blue 89 EMA then we hold our downward spiral.
However if we do close above the blue 89EMA more then twice, I would look for a further move above the green 50EMA, and we form a base up there. We will begin to switch EMA crosses to the upside and longs will be the plan of attack.
My strategy right now is wait, the blue and green EMAs are king right now. The longer we play in this area the more likely we get that 50 green EMA grossing the blue 89EMA downside, that is an entry signal for me.
Let me know your thoughts, I will be putting together a short live stream course online soon for a small number of people explaining these super simple basic chart understandings so you can make these decisions yourself. It really is not hard, EMAs (king) / levels / RSI. Let me know anyone interested.
Regards,
Johny Button