This is something I missed cus trading on Bybit where the chart lacks historic information.
Opened Bitmex chart and discovered my old drawings, whereby I marked solid HTF support with fat green line, it is 159.5.
The price has provided a double bottom from that level and successful breakout away from 196 will send price to 226.
Fingers crossed, bullas do something :)
Opened Bitmex chart and discovered my old drawings, whereby I marked solid HTF support with fat green line, it is 159.5.
The price has provided a double bottom from that level and successful breakout away from 196 will send price to 226.
Fingers crossed, bullas do something :)
Comment:
I like what im seeing so far. Daily close above 185 and bullas are safu
Trade active:
No easy play. Wicks on the both sides. Hourly and H4 provided flat-top triangle which is about to expand.
Trade active:
Not much reaction on what I called a flat-top triangle. This consolidation has taken far too long.
185 is still the first resistance to fight.
If it wasn't for the preceding huge impulsive move provided by BTC I would have been out by now.
ETH
185 is still the first resistance to fight.
If it wasn't for the preceding huge impulsive move provided by BTC I would have been out by now.
ETH
Trade active:
I like this H4 close. The mission for today is to stay above 185
Comment:
Also just look how much price respects the level, a pleasure to watch
Trade closed manually:
I closed my position because I see that both BTC and ETH struggle with first resistances.
I think having marginal position on HTF play is no good.
I am still biased to long ETH and BTC but will try to do so on a pullback.
Below I am showing the reason I decided to give up my position. If we are to go up, the pullback will be a good opportunity to buy
I think having marginal position on HTF play is no good.
I am still biased to long ETH and BTC but will try to do so on a pullback.
Below I am showing the reason I decided to give up my position. If we are to go up, the pullback will be a good opportunity to buy
