BTCUSD - BITSTAMP | 1h
Tex taking the reigns for today's daily update after again, a pretty pretty predictable move that we spoke about occurring on last nights stream.
Utilising the VPVR, we spoke about this volume gap if we broke below 11590, but admittedly, I did not expect a wick THAT deep, however I had a couple sneaky buys filled and i'm riding this temporary move up.
We've hit this demand perfectly, but the indicators and what i'm seeing are not satisfying a sustained and longer move up at this stage - this is a scalpers dream.
POC on the 1h, sits back around 11669 and we've got the 200ma resistance around 11600.
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BTC 4hr
Pin bar and a nice buy up off the demand on the 4hr and again that resistance around 11600, where I feel we will head, where I will be looking to close off (at least) a portion of the long i'm in currently and consider my move from there.
UNICON giving us the juice and the exit signal right at the top of this supply (red dot) and the entry signal right on demand (yellow signal)
This is why it's important not to get caught in the euphoria of these current bullish moves and why we trade TA, not our emotions.
Happy trading and be safe!
Tex taking the reigns for today's daily update after again, a pretty pretty predictable move that we spoke about occurring on last nights stream.
Utilising the VPVR, we spoke about this volume gap if we broke below 11590, but admittedly, I did not expect a wick THAT deep, however I had a couple sneaky buys filled and i'm riding this temporary move up.
We've hit this demand perfectly, but the indicators and what i'm seeing are not satisfying a sustained and longer move up at this stage - this is a scalpers dream.
POC on the 1h, sits back around 11669 and we've got the 200ma resistance around 11600.
-------------
.
BTC 4hr
Pin bar and a nice buy up off the demand on the 4hr and again that resistance around 11600, where I feel we will head, where I will be looking to close off (at least) a portion of the long i'm in currently and consider my move from there.
UNICON giving us the juice and the exit signal right at the top of this supply (red dot) and the entry signal right on demand (yellow signal)
This is why it's important not to get caught in the euphoria of these current bullish moves and why we trade TA, not our emotions.
Happy trading and be safe!