cozzamara

Bitcoin: is this a golden cross?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
132 0 1
Bitcon: It looks like is going that way short-term but sudden dips or falls are always around the corner considering bearish preassure. But maybe bears are starting to give up a little bit. Let's see.
I am not a professional trader and these are my personals ideas only. Be carefull, it may still dip towards 10K. These may only be early signals that will make a move but the end of the month. Dont' know.
Comment: Personally I don't think that price will enter the upper part of the small ascending channel but we have to wait and see.
Comment: I've just read a twitter of 17min ago that say that Mempool crashed.
twitter: https://twitter.com/verretor/status/956076509273427968
What is mempool: https://99bitcoins.com/what-is-bitcoin-mempool/
Comment: Be also always alert to this sort of things as well. Everything is important. You must learn how to value and quantify all infos.
Comment: This is the picture of a 1min chart just to give the idea on how the price is working inside that channel
Comment: To resume it's downtrend have to break that upper channel. Let's see
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Comment: Let's look at 2hrs chart
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Comment: Sorry wrong one
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Comment: From here seems that an attack to the 50SMA is imminent but bearish pressure is pushing down.
Comment: I gotta go for a while. Be back as soon as I can. Ciao
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Comment: Just a guess. I don't know. Bearish pressure pressure fading but still live.
Comment: BTC find a lot of resistance at 11K level
Comment: If it breaks it I have a short-term target at 11.350K but I have not entered market yet
Comment: Too risky to stay on for too long with these conditions
Comment: Prefer to wait to see the move and ride the impulse if it does it otherwise I will wait and see. Be patient. Play Clash Royale in the wait. lol
Comment: If the break happen it will be nice but quick. I reccomend not to trade it unless you know exactly what you are doing.
Comment: The fact that it is making so long is not a good sign.
Comment: Also the run of yesterday has been relatively quick rememember? It reached its target in 5 minutes.
Comment: 11200 is the latest high. Let's see if it tries to pass it.
Comment: It may be building a support at 30sec tfr that may help price to target that previous high again
Comment: Let's see
Comment: That little support not confirmed yet
Comment: It's just little above 11K
Comment: Support confirmed. Should get a little impusle if it passes 11.100K. Let's see what it does.
Comment: People I am doing really fast trading and see only little unreliable moves. Cannot see the bigger picture and don't understand where price will go. Sorry.
Comment: An important battle is taking place
Comment: Bulls are trying really hard
Comment: Maybe an opportunity
Comment: Wait for the momentum
Comment: Bulls attacking 11.200 on 1 minute chart but too timidly
Comment: They seem to have faild in this tfr but price have not done a lower low yet
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Comment: If you think about the big divergence made yesterday I would have expected a more robust come back
Comment: If it breaks the 11200 and gets momentum its nice
Comment: At the moment very timid move
Comment: Let's wait and and see what it does at 11.100
Comment: Now is horizontal 1min tfr
Comment: Could have formed a nice double botton in an horizontal channel there for support
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Comment: See the bears?
Comment: Pushing down?
Comment: If I did it correctly that trendline are the bears pushing down...I think
Comment: But the attack seem supported
Comment: Wait be patient
Comment: Pull the trigger only if you know what you are doing
Comment: Don't rush in
Comment: Sorry I got carried away...Let's wait and see where this behaviour leads
Comment: In this timid climb another support may be forming in the 30sec tfr
Comment: Sorry is the same support I mentioned before
Comment: That is going to be tested
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Comment: But bulls attacks again
Comment: They want 11200K but I dont know and I am not a professional trader
Comment: momemntum must build
Comment: volumes are coming in
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Comment: It's magical
Comment: Sorry...let's move on...let's wait and see
Comment: They must keep coming
Comment: It engulfed at 11.098
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Comment: It goes again
Comment: c'mon bulls
Comment: RSI still good
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Comment: almost 11.200 c'mon
Comment: resistence here
Comment: Let's stop and take a breath
Comment: That was a nice ride...not to trade though
Comment: What are we seeing?
Comment: Where are we?
Comment: We are on a resistence
Comment: With bulls trying to defeat bears
Comment: But bulls are building momentum
Comment: Let's look for support
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Comment: 5min tfr could be retracing 50fib of previous candle...let's see
Comment: Price was hit hard at that level
Comment: 100% retraced...let's see how it closes
Comment: Dimished momentum but still on
Comment: only support i see 11.100
Comment: holding
Comment: It's not doing the nice run I would excpect it to do
Comment: But we don't live of expectations
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Comment: already two candles retraced...still not a lower low
Comment: i mean supported by that top
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Comment: spieked on that trendline
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Comment: two spikes...real fight
Comment: don't know which wat to go
Comment: way
Comment: support?
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Comment: I am loosing it...better stop wait and think
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Comment: 15min charts...look its madness
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Comment: can the candlestick with the spikes been seen?
Comment: See the fight again?
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Comment: three white queen 3mnt tfr not confirmed yet
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Comment: Look like ready for the move but the area is too congested and I have to go to lunch.It was fun. Dont do anything if you don't know what is going on. And be carefull and patient. That 11.200 is too much for the time being.
Trade closed: target reached
Comment: Where we are...
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