BTC - What to do ? It's very simple.

Hi guys,

I will share my view on the current market, and tell you what I personally do.

This said, I am a hobbyist, so this is not a financial advice.

This will be quick, simple and without ambiguities.


WHAT TO DO

Those support and resistance lines are very important.
If prices breaks from the top green line, go long or buy.
If prices breaks from the bottom red line, go short or move to USDT.
Do not forget your protection stop.

More or less useless TECHNICAL ANALYSIS - WHAT TO EXPECT

Margin Traders

On Bitfinex, there are clearly more shorts opened meaning the global mood is bearish.


Rsi Divergences

You know my Rsi indicator, that's two long signals in a row !

3 EMAs

A very rare 200 and 50 days EMA cross. However we can see the volume is decreasing (at least on Coinbase) and that this cross doesn't look quite convincing, it's rather already slowing down to reverse like in May 2018.

CONCLUSION

We have both bullish and bearish indicators. Just wait which support or resistance is broken and follow the sheep herd.

INDICATORS USED

FREE

Good luck !

Comment:

Looking like it's going up guys, resistance broke, bullish candle, there we go !

Comment:

I will show BNB Trade later today