The weekly candle closed today, and BTC looks bullish to me. my C1 and C2 indicator shows buy signal, price closed above 10EMA, next indicator to wait for the entry is the volume needs to be green. But I think it will be just a few weeks away. Price usually will go up before the halving based on historical data.
For the bearish scenario, if we close below 10EMA weekly, and my 2 of confirmation indicators go the other way, I will consider closing all my long positions.
Be patient, once the uptrend is confirmed, I will start adding more money into my long term positions.
Here is the daily moving average indicates we are more bullish, price is above 50sma, 50sma is sloping up , and price is making HH and HL, its bullish sign for me. If you are a long term investor, you should start dollar-cost averaging now.
For the bearish scenario, if we close below 10EMA weekly, and my 2 of confirmation indicators go the other way, I will consider closing all my long positions.
Be patient, once the uptrend is confirmed, I will start adding more money into my long term positions.
Here is the daily moving average indicates we are more bullish, price is above 50sma, 50sma is sloping up , and price is making HH and HL, its bullish sign for me. If you are a long term investor, you should start dollar-cost averaging now.
Comment:
Looks like we have a great weekly opening. When most of the "gurus" in the tradingview projecting their bearish scenario, only small amount of trader who follows their proven algorithm and continues to make profit in any market conditions. Remember 95% people losing money in the market.
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