Short-Term (Bull Biased)
Bulls:
50/100 Cross
Inverse H & S
Looking for a confirmed break above the D1 200ma for an entry position to ~43K
Medium-Term (Bear Biased)
Bears:
D1 Closing under 200ma - Downtrend continues another leg down look for short entries when inverse H&S is broken
Fundamentals (Bullish - For now)
Increase in accumulating addresses
Whale address selling paused
Lowest net realized losses ever
Miners recovering
For my long-term portfolio, I am still sticking to my detailed plan that has worked for many years (Recent Post). Short-term traders can take advantage of the volatility that is about to occur. Keep your eye on the news as the market is extremely emotional and one article or tweet can drastically change even the strongest of technical analysis.
Bulls:
50/100 Cross
Inverse H & S
Looking for a confirmed break above the D1 200ma for an entry position to ~43K
Medium-Term (Bear Biased)
Bears:
D1 Closing under 200ma - Downtrend continues another leg down look for short entries when inverse H&S is broken
Fundamentals (Bullish - For now)
Increase in accumulating addresses
Whale address selling paused
Lowest net realized losses ever
Miners recovering
For my long-term portfolio, I am still sticking to my detailed plan that has worked for many years (Recent Post). Short-term traders can take advantage of the volatility that is about to occur. Keep your eye on the news as the market is extremely emotional and one article or tweet can drastically change even the strongest of technical analysis.
Comment:
Close 50% Short position here ~34K
Comment:
Stop-loss break even