Hi,
I have closed my short trades with a reasonable profit.
BTC has been playing with our emotion and emotion recently.
This is Renko Daily chart using Box size 500, price seems to be holding above CMO 0 line and stroch rsi has been crossed.
Wave trend oscillator wanted to cross over to the upside again. For the intermediate term, based on Renko T500, price might potentially hit around 31 and above region before the actual correction.
In weekly, Renko box size 1500, stoch rsi is overbought and CMO also started to overbought, meaning potential downside retracement in few weeks time. Enjoy the ride.
I have closed my short trades with a reasonable profit.
BTC has been playing with our emotion and emotion recently.
This is Renko Daily chart using Box size 500, price seems to be holding above CMO 0 line and stroch rsi has been crossed.
Wave trend oscillator wanted to cross over to the upside again. For the intermediate term, based on Renko T500, price might potentially hit around 31 and above region before the actual correction.
In weekly, Renko box size 1500, stoch rsi is overbought and CMO also started to overbought, meaning potential downside retracement in few weeks time. Enjoy the ride.
Comment:
Price normally create higher high first before it retrace. This is quite common. Try observe january creates high > then another higher high in Feb. So we might see another higher high as well.
Comment:
Idiots youtubers has no idea about TA. Man lies, Woman lies, News lie, Charts never lie. If you are trading and depending on news, you will miss all the good entries. News only make market voltality but overall market sentiment never change.