We'v reached entry since previous post. If the support holds, now is a good buy. Bitcoin isn't looking pretty so expecting one more shake out is not out of the question. The next shake out will also be a good buy. Bitcoin is in decision alley though so all trading should be taken with a huge grain of salt (not btc pair). The whole market has a correlation though so just looking at this ontology chart it looks like the composite operator is getting some good final shake outs in right near the bottom. Essentially they've been accumulating and are possibly shaking the market out on the current mild upswing to accumulate more. With a tight stop now wouldn't be the absolute worst entry but it'd be rolling the dice with btc because btc is currently back in a grey bart attack area (which could be good if we see a long wick outside current hourly trading range and then a tight spread on diminished volume). I'll enter with a tight stop and if still trading live try to gain entry on the possible upcoming shake out. (Yes I see the bear flag we're in)
disclaimer:
not investment advice DYOR
This is USDT pair. That means we're trading bitcoin leveraged through altcoin for usd not btc. I do not care to build satoshis while bitcoin is in a downtrend.
Targets would be middle and top of channel. If assuming bitcoin stayed bullish then also beyond.
This market takes your lunch though so put your stop in profit or immediately take some profit when your trade goes right so then your widened stop can't do damage.
disclaimer:
not investment advice DYOR
This is USDT pair. That means we're trading bitcoin leveraged through altcoin for usd not btc. I do not care to build satoshis while bitcoin is in a downtrend.
Targets would be middle and top of channel. If assuming bitcoin stayed bullish then also beyond.
This market takes your lunch though so put your stop in profit or immediately take some profit when your trade goes right so then your widened stop can't do damage.
