SatoriTrades
Short

BTCUSD - Lost? Should I buy back? The 4hr Level to hold.

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Are you feeling the FOMO yet? Not sure if it will go higher? Dont worry there is a way to get a hold on this thing. Look for price action close below 7855 for confirmation that we are going into a swing low. If we get a close below 7627 its going even lower. This isn't to say we are in full blown pullback, but it does mean a down swing to test levels. This is just my opinion and not financial advice.
Comment: Just FYI, wicks below the lines do not confirm down trend. It can wick all it wants, watch for the close.
Comment: Looks like we have a few closes below 7855. Watch for the swing downward.
Comment: And there you have it folks...
what now? w=are we going down>?
Reply
@danni24, See this chart for what to expect.

I'm letting price action dance a little to signal where it wants to go. But my gut says down but the price action will show us the way.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out