Hi all! We are in a 4H chart, all seems bullish. Heading to the 4.1K area of resistance. We will see how the market will react there. Either i open a heavy short near that area or just wait for consolidation there and a break above this resisance Two targets are above 4.1 K (slight resistance 4.3K , 4.4K and 5.4, Strong resistance 6K). Im not in this trade never buy resistance.
- Symetrical triangle trying to break up just need more volum for confirmation
- RSI above the 50 line so we are in bulls territory
- Stochastic also above the 50 line trying to go over-bought which is bullish
Buy and hold strategy sucks in bearmarket, DCA (Dollar cost averaging in ) too. What i think is the best is to be between investing and swing trading.
Overall i dont think we have bottomed yet in BTC, Im already in with stop losses just in case im wrong (im in from 3.6K).
Waiting for a clear end of the bearmarket. A consolidation period and a break above retrace back on top of it and spike in Volum then the bullrun can begin.
Bye for now! And not financial advice !
- Symetrical triangle trying to break up just need more volum for confirmation
- RSI above the 50 line so we are in bulls territory
- Stochastic also above the 50 line trying to go over-bought which is bullish
Buy and hold strategy sucks in bearmarket, DCA (Dollar cost averaging in ) too. What i think is the best is to be between investing and swing trading.
Overall i dont think we have bottomed yet in BTC, Im already in with stop losses just in case im wrong (im in from 3.6K).
Waiting for a clear end of the bearmarket. A consolidation period and a break above retrace back on top of it and spike in Volum then the bullrun can begin.
Bye for now! And not financial advice !
Comment:
We are still inside the triangle. Nice rejection from the upper line. Both lines are weakend now; 3 touches each. Wait for either directions.