RE ; BITCOIN (BTC / XBT ) NEXT MOVE FOR TRADERS AND INVESTORS
Evening All
>Above you can see I have drawn in past support levels in white faint white lines, which ofcourse becomes current resistance..
>Below you can see the faint pink lines which are showing you the current support levels
>We can see that almost always the Stoch RSI will almost always return back on top when bottomed out as above , the question is now when shall we long or should we short, I am personally waiting for the Stoch RSI to Cross bullish and then enter my long to an expected move to 6800(next resistance level), it has not crossed yet which could indicate a continued bearish momentum towards 4951...(which i also have longs laddered) thus what ever happens first i will not miss the move , im not going to short this as my bias is slightly more bullish but not against it yet as RSI has not show bullish momentum as of yet, if so short with a SL and good entry maybe 6600
>If those support/resist levels break you can see what price isexpected next by looking at next nearest support/resist line ...
I hope this has been as insightful for you as it has been for me
king regards
YS
>Above you can see I have drawn in past support levels in white faint white lines, which ofcourse becomes current resistance..
>Below you can see the faint pink lines which are showing you the current support levels
>We can see that almost always the Stoch RSI will almost always return back on top when bottomed out as above , the question is now when shall we long or should we short, I am personally waiting for the Stoch RSI to Cross bullish and then enter my long to an expected move to 6800(next resistance level), it has not crossed yet which could indicate a continued bearish momentum towards 4951...(which i also have longs laddered) thus what ever happens first i will not miss the move , im not going to short this as my bias is slightly more bullish but not against it yet as RSI has not show bullish momentum as of yet, if so short with a SL and good entry maybe 6600
>If those support/resist levels break you can see what price isexpected next by looking at next nearest support/resist line ...
I hope this has been as insightful for you as it has been for me
king regards
YS
Comment:
excuse the irrelevant RSI X2 below the stochastic
Trade active:
Evening All
>Above you can see I have drawn in past support levels in white faint lines, which of-course have become current resistance..
>Below you can see the faint pink lines which are showing you the current support levels
>We can see that often the Stoch RSI will almost always return back on top when we have bottomed out as seen above , the question is now when shall we long or should we short, I am personally waiting for the Stoch RSI to Cross bullish and then enter my long to an expected move to 5800(next resistance level ), it has not crossed yet which could indicate a continued bearish momentum towards 4951...(which i also have longs laddered) thus what ever happens first i will not miss the next big move , Im not planning on shorting this as my bias is slightly more bullish but not against it as the RSI has not show bullish momentum, if so short with a SL and good entry perhaps 5600
>If those support/resist levels are broken you can see what price is to be expected next by looking at next nearest support/resist line ...
I hope this has been as insightful for you as it has been for me
king regards
YS
>Above you can see I have drawn in past support levels in white faint lines, which of-course have become current resistance..
>Below you can see the faint pink lines which are showing you the current support levels
>We can see that often the Stoch RSI will almost always return back on top when we have bottomed out as seen above , the question is now when shall we long or should we short, I am personally waiting for the Stoch RSI to Cross bullish and then enter my long to an expected move to 5800(next resistance level ), it has not crossed yet which could indicate a continued bearish momentum towards 4951...(which i also have longs laddered) thus what ever happens first i will not miss the next big move , Im not planning on shorting this as my bias is slightly more bullish but not against it as the RSI has not show bullish momentum, if so short with a SL and good entry perhaps 5600
>If those support/resist levels are broken you can see what price is to be expected next by looking at next nearest support/resist line ...
I hope this has been as insightful for you as it has been for me
king regards
YS
>Above you can see I have drawn in past support levels in white faint lines, which of-course have become current resistance..
>Below you can see the faint pink lines which are showing you the current support levels
>We can see that often the Stoch RSI will almost always return back on top when we have bottomed out as seen above , the question is now when shall we long or should we short, I am personally waiting for the Stoch RSI to Cross bullish and then enter my long to an expected move to 6800(next resistance level ), it has not crossed yet which could indicate a continued bearish momentum towards 4951...(which i also have longs laddered) thus what ever happens first i will not miss the next big move , Im not planning on shorting this as my bias is slightly more bullish but not against it as the RSI has not show bullish momentum, if so short with a SL and good entry perhaps 6600
>If those support/resist levels are broken you can see what price is to be expected next by looking at next nearest support/resist line ...
I hope this has been as insightful for you as it has been for me
king regards
YS