Marginbuu

Bitcoin very close to breakout.

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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4
You can best observe the 4 hour bullish divergence and moving averages on binance, they have great tools to analyse whats going on.

on the 4 h BTC is above all moving averages in combination with this bullish div , TA really says up. You can trade against TA and gamble on a short, because you think whatever event will happen, but if you keep trading against TA in the long you will lose big.

Its smarter to buy and hold now, rather than anything else.

( this is not financial advice, keep your big boy pants on if it goes wrong and put some strategical stop losses to mitigate damage in case of bad events. )

Trump tweeted that he is just trolling and still wants hes own version of a stimulus before the election to gain popularity.
Comment: Dollar is very weak, I believe the main reason is that the oil trade is broken due to covid 19 and this puts a massive amount of dollars back into the circulation and will drive the dollar price down. The euro does not have this problem its not coupled to the oil price or trade at all.
Comment: there is a whole acritcle about the sell wall on binance, usually you can better not take sell walls seriously, because they are only there because the market maker wants to load up more coins before he pulls the wall.
Comment: A link to the article https://cointelegraph.com/news/bitcoin-p...
Comment: so far so good bullish div playing out

Comments

Adjusting your bottom line suggests we are right there
Reply
Marginbuu Maui2020
@Maui2020, yeah i always adjust in the favour of the bears, but in fact we are nearly out of it, but because of all the negativity in the market i think people really want to see 10800 before they fomo. To me this a looks like an elaborate shake out, trying to put so much pressure on the longs that they close in fear.
Reply
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