BTC Bearish during Weekend then going Falcon Heavy next week!
Today many indicators were registered:
1. EMAs crossing (50 & 200) - Death Cross indicating downtrend when candles intersect at the same point.
2. TD9 on an uptrend followed by 4 candles resulting in reversal downward
3. Beginning of weekend: the usual dump and forget
The results of these 3 factors will drive price down to the previous bottom @ 7752, being the first and last support before bouncing up by next Monday.
Also, next week we have 3 main resistance lines @ 8440, 9402, and 10.2K from previous candles.
Trading Plan
Weekend:
1. buy @ 7777
Then next week:
1. sell @ 8340
2. buy @ 8012
3. sell @ 9400
4. buy @ 8700
5. sell @ 10K (50%) then hodl rest
Just don't take my word for it: do your own analysis.
Cheers!
1. EMAs crossing (50 & 200) - Death Cross indicating downtrend when candles intersect at the same point.
2. TD9 on an uptrend followed by 4 candles resulting in reversal downward
3. Beginning of weekend: the usual dump and forget
The results of these 3 factors will drive price down to the previous bottom @ 7752, being the first and last support before bouncing up by next Monday.
Also, next week we have 3 main resistance lines @ 8440, 9402, and 10.2K from previous candles.
Trading Plan
Weekend:
1. buy @ 7777
Then next week:
1. sell @ 8340
2. buy @ 8012
3. sell @ 9400
4. buy @ 8700
5. sell @ 10K (50%) then hodl rest
Just don't take my word for it: do your own analysis.
Cheers!
Trade active:
Bought @ 7898
Sold @ 8340
Bought @8080
Sold @ 8800
Now in cash waiting for BTC to decide where to go next: too many conflicting signs.
Sold @ 8340
Bought @8080
Sold @ 8800
Now in cash waiting for BTC to decide where to go next: too many conflicting signs.
Trade closed: stop reached