No need to say that bulls & bears are fighting upon two radically different scenario that both can confirm or invalid near the current price area. Which makes it very incomfortable,volatile, and hard to trade. The best option remains to stay out for a while ! I personnally decided to trade the raw signals from the indicators. Just got a double bearish signal from Sinewave & Momentum.. So I'm short toward the previous support area.
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) Indicators used in this forecast are PRO Sinewave & PRO Momentum. You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
hey phil, your signals were all bearish yesterday but we went on a bull run from 10700 to 11500 and i missed it
PRO_Indicators
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@yshashmi37, Well missing something .. how is that a problem ?! You're missing a lot of things in that prospective !
Yesterday we were under resistance, without signals. Now we're above the resistance, but with potential reversal signals.. to me that's hard to forecast. That's why I decided to propose two options. Even though to me bearish option is the only one I'm ready to trade. According to my conviction.
PRO_Indicators
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@yshashmi37, I'm not the kind of person who will reverse bull/bear every single day. I'm still bearish but the recent price action calls me to be more cautious, more in a wait & see approach. Which I try to reflect in today's update.
EIP-EverythingIsPlanned
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@PRO_Indicators, phil, dont get me wrong i love your updates and opinions; i was just pointing out something which happened yesterday; dont get me wrong .. thanks
team_USA
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@yshashmi37, in reality, he does not owe you anything and you should be appreciative that he posts his charts and opinions for your viewing for free.
ydhif
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@yshashmi37, you can said that you are not agree with his charts but definitely not that you missed something because of him. He share his works for free, don't forget that
EIP-EverythingIsPlanned
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@ydhif, i am sorry but i didnt mean that; just pointed out something which i saw .. i appreciate his work a lot
PRO_Indicators
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@yshashmi37, No worries guyz !
Malcolm-Luter
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Hi there
Resistance broken at 10960 last Tuesday too remarkable to not be considered (your red line).
I am with you when you says not realistic a V Bottom (minimum February) but now I think we better off to short it when it finish B correction into a ABC retracement from previous bullish market.
YuyuCoyotte
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Hello everybody, all that, it's my fault. For me bitcoin is very bullish, he going to 20k :)
Today we had a pattern bullish Diamond Bottom in 30mns.
And for the next point, a rouding bottom to target 13000...
One more Ascending triangle
And the famous pattern bullish, Inverse Head and Shoulder